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The Measurement of Efficiency and Analysis of Factors Affecting Conventional Commercial Banks in Indonesia Aziz, Lukmanul Hakim; Manurung, Adler Haymans; Sembel, Roy; Imron, Ali
Management Science Research Journal Vol. 2 No. 3 (2023): August 2023
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v2i3.63

Abstract

The purpose of this research is to measure the level of efficiency of conventional commercial banks in Indonesia with input variables that are thought to influence output variables using non-parametric methods using the Data Envelopment Analysis (DEA) model and then to analyze the factors that affect the levels of bank efficiency. The object of this study consisted of 12 (twelve) Conventional Commercial Banks in Indonesia which were analyzed from 2012 to 2021. Overall, the results show that the level of efficiency of Conventional Commercial Banks in Indonesia during the period of this study, has not yet reached an optimal level of effectiveness. The factors that significantly affect the level of efficiency of conventional commercial banks are Concentration Ratio 4 (CR4), Market Share (MS), Lerner Index (LI), Loan to Deposit Ratio (LDR) and Capital Adequacy Ratio. (CAR). While the factors that do not affect the level of efficiency of conventional commercial banks are Return on Assets (ROA) and Non-Performing Loans. (NPL).
Analyzing the Direction of the Stock Exchange Cycle Yulyanah, Yulyanah; Manurung, Adler Haymans
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 7 No 1 (2024): Sharia Economics
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v7i1.4579

Abstract

This research analyzes the direction of the stock market cycle and looks at the stock market prospects from January 2010 to September 2023. The methodology used in this research is the "decomposition method" and uses daily rate of return data during the research period. The research results show that the changes that occur in one day are greater than the changes that occur in the following days. The stock market is currently likely to experience a decline for the sixth cycle. There is no January effect in BEI but there is a December effect.
Concept Model Research of Financial Psychology to SME Business Sustainability Oktariswan, Dony; Manurung, Adler Haymans; Ulupui, I Gusti Ketut Agung; Buchdadi, Agung Dharmawan
Interdisciplinary Social Studies Vol. 1 No. 8 (2022): Special Issue
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/iss.v1i8.191

Abstract

The study of Financial Psychology to SME Business Sustainability is one of the most efficient methods to improve Financial Psychology in doing business. The purpose of this study is to review and analyze the development of article publications with the evolution of research on Financial Psychology to SME Business Sustainability published from 2019-2021. Article analysis and search involves only themes with titles, abstracts, and keywords related to Financial Psychology and SME Business Sustainability from 2019-2021. Searches through the Scpous database are performed using TITLEABS-KEY. Article selection is adjusted by eliminating duplicates in the list of article type documents sourced from journals taken from the database using Harzing's Publish or Perish (PoP) and VOSviewer software. Based on the results of the analysis obtained research concept models in Financial Psychology formed from Financial Planning (Social factors and Economic factors), Behavior Finance (Psychological & Emotional and Factors Situational stimuli), Financial Literacy (Financial Knowledge and Household finance), Financial Inclusion (Government policy & regulation and Bank Stability). While Implementation Accounting from application, and SME Business Sustainability formed from SME Sustainability Performance. The subject area on the concept of the model was obtained from the disciplines of Economic, Econometrics and finance as many as 34 (42.5%) and Business, Management & Accounting amounted to 33 (41.25%).
Pengujian Teori Trade-Off dan Pecking Order: dengan Satu Model Dinamis pada Perusahaan Publik di Indonesia Darminto, Darminto; Manurung, Adler Haymans
International Research Journal of Business Studies Vol. 1 No. 1 (2008): May-July 2008
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/

Abstract

This article explores determinant of capital structure in Indonesia. Empirical study using Regression in model is done by including variable suggested by Trade of Theory, Pecking Order Theory, and combination of those theories. The result shows that determinant factors in the Trade of Theory have more ability to explain the capital structure than deficit cash flow factor in pecking order theory. Other variables that are also significant are firm size and collateral capacity. Its is possible that rejection of Pecking Order Theory is due to market timing argument in long term financing.
Pengaruh Kepercayaan dan Kepuasan Pelanggan terhadap Loyalitas Pengguna Marketplace di Indonesia (Studi Kasus pada Pengguna Tokopedia dan Shopee) Sangapan, Lukman Hakim; Alfian Amran; Atik Budi Paryanti; Manurung, Adler Haymans; Hapzi
Jurnal Kewirausahaan dan Multi Talenta Vol. 3 No. 4 (2025): Jurnal Kewirausahan dan Multi Talenta (Oktober - Desember 2025)
Publisher : Siber Nusantara Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jkmt.v3i4.354

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh kepercayaan dan kepuasan pelanggan terhadap loyalitas pengguna marketplace di Indonesia, dengan fokus pada dua platform utama yaitu Tokopedia dan Shopee. Latar belakang penelitian ini didasari oleh fenomena meningkatnya persaingan marketplace yang menuntut setiap platform untuk mempertahankan pelanggan melalui peningkatan kepercayaan dan kepuasan pengguna. Pendekatan penelitian yang digunakan adalah kuantitatif eksplanatori, dengan metode survei online terhadap 100 responden pengguna aktif Tokopedia dan Shopee. Data dianalisis menggunakan teknik Partial Least Square–Structural Equation Modeling (PLS-SEM). Hasil penelitian menunjukkan bahwa baik kepercayaan maupun kepuasan pelanggan berpengaruh positif dan signifikan terhadap loyalitas pengguna, dengan kepuasan pelanggan memiliki pengaruh paling dominan (? = 0,736; p < 0,001). Nilai R² sebesar 0,823 menunjukkan bahwa kedua variabel mampu menjelaskan 82,3% variasi loyalitas pengguna marketplace. Hasil ini memperkuat teori Expectation-Confirmation dan Commitment-Trust, yang menegaskan bahwa kepercayaan dan kepuasan merupakan faktor kunci pembentuk loyalitas pelanggan dalam ekosistem digital. Temuan penelitian memberikan kontribusi penting bagi pengembangan teori perilaku konsumen digital serta menawarkan rekomendasi praktis bagi pengelola marketplace untuk meningkatkan kepuasan dan menjaga kepercayaan pengguna melalui inovasi layanan dan transparansi transaksi. Penelitian ini juga menyarankan studi lanjutan dengan cakupan sampel yang lebih luas dan penambahan variabel mediasi guna memperdalam pemahaman tentang pembentukan loyalitas di era ekonomi digital.
The Mediating Role of Job Satisfaction in the Relationship between Quality of Work Life, Motivation, and Turnover Intention among Millennial Lecturers in Islamic Higher Education Octa Nilam Lukkita Aga; Tri Widyastuti; Adler Haymans Manurung; Supardi
Jurnal Iqra' : Kajian Ilmu Pendidikan Vol. 10 No. 3 (2025): Jurnal Iqra' : Kajian Ilmu Pendidikan
Publisher : Institut Agama Islam Ma'arif NU (IAIMNU) Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25217/ji.v10i3.6826

Abstract

This study investigates the mediating role of job satisfaction in the relationship between Quality of Work Life (QWL) and work motivation on turnover intention among millennial lecturers in Islamic higher education institutions, specifically within Muhammadiyah universities in the Greater Jakarta (Jabodetabek) area. Using a quantitative explanatory design, data were collected from 290 lecturers through structured questionnaires and analyzed using Structural Equation Modeling (SEM) with the Partial Least Squares (PLS) approach. The results reveal that both QWL and motivation have a significant positive impact on job satisfaction, while job satisfaction exerts a significant negative effect on turnover intention. Moreover, job satisfaction partially mediates the effects of QWL and motivation on turnover intention, indicating that a high-quality work environment and strong intrinsic motivation enhance satisfaction, which subsequently reduces the desire to leave. The findings highlight that improving QWL through supportive leadership, fair compensation, and work–life balance, as well as fostering motivation through recognition and professional growth opportunities, can strengthen lecturers’ commitment and retention. The study contributes theoretically by integrating Herzberg’s Two-Factor Theory and Social Exchange Theory within an Islamic management perspective, demonstrating that human resource practices rooted in ethical and spiritual values effectively sustain institutional stability. Practically, the results provide strategic insights for higher education policymakers to design adaptive and value-based HR frameworks that meet the professional and generational expectations of millennial lecturers in Islamic universities
Determinants of Financial Reporting Quality Mediated in the Prevention of Fraudulent Financial Reporting and Firm Size as a Moderator Ade Onny Siagian; Adler Haymans Manurung; Tri Widyastuti; Wastam Wahyu Hidayat
Annals of Human Resource Management Research Vol. 6 No. 1 (2026): March
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/ahrmr.v6i1.3340

Abstract

Purpose: This study examines the effects of good corporate governance, internal audit function effectiveness, organizational culture, and information technology innovation on the quality of financial reporting, with the prevention of fraudulent financial reporting as a mediator. Additionally, it investigates the role of firm size as a moderating variable. Research Methodology: A survey method was used to gather data from the finance director/general manager, audit committee, internal audit unit manager (SPI), and accounting manager/finance manager at a state-owned enterprise (BUMN). Data analysis was conducted using a Structural Equation Model (SEM) with a Partial Least Squares (PLS) approach. Results: This study found that good corporate governance, internal audit effectiveness, organizational culture, and information technology innovation positively affect the prevention of fraudulent financial reporting. Good corporate governance, organizational culture, and IT innovation also improve financial reporting quality. However, internal audit effectiveness does not directly impact financial reporting quality. Firm size strengthens the positive relationship between governance mechanisms and financial reporting quality, both directly and through fraudulent financial reporting prevention. Conclusions: This study concludes that good corporate governance, internal audit effectiveness, organizational culture, and IT innovation are critical for enhancing financial reporting quality and preventing fraud. Firm size moderates the relationship, thereby amplifying the impact of these factors. Limitations: This study is limited to state-owned enterprises (BUMNs) and relies on self-reported data, which may introduce bias. Contributions: This research contributes insights into improving financial reporting practices by highlighting the roles of governance and organizational factors.
Determinan Modal Kerja pada Perusahaan Manufaktur di Bei Periode 2017 – 2023 Azizah Suci Pratiwi; Adler Haymans Manurung; Jhonni Sinaga; Djuni Thamrin; Adi Wibowo Noor Fikri
Jurnal Riset dan Inovasi Manajemen Vol. 2 No. 3 (2024): Agustus: Jurnal Riset dan Inovasi Manajemen
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59581/jrim-widyakarya.v2i3.4054

Abstract

Working capital is to finance the company's daily operations, such as paying salaries, buying raw materials, paying transportation, paying debts, paying electricity accounts, and paying other costs. The purpose of this study is to analyze the behavior of data on profitability, liquidity, and leverage variables on working capital. Quantitative methods emphasize aspects of measurement and calculation. The manufacturing company used a research method, namely purposive sampling. The data used is secondary data sourced from the statement of financial position and profit and loss in the company's annual report. This study was conducted to determine whether each independent variable affects the dependent variable. The results of this study indicate that Profitability, Liquidity, and Leverage together (simultaneously) have a significant effect on Working Capital. Based on the results of partial panel data analysis, the Profitability variable has a negative effect on Working Capital. The Liquidity variable has a positive and significant effect on Working Capital. Leverage variable has a negative effect on Working Capital.
Corporate Social Responsibility(CSR) Evaluation & Effectiveness of Disclosure and its Impact on Financial Performance: A Case of Indonesian Corporations by Longitudinal Evidence Muhammad Asif Khan; Adler Haymans Manurung
Studi Ilmu Manajemen dan Organisasi Vol 3 No 1 (2022): April
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/simo.v3i1.709

Abstract

Purpose: To see if corporate social responsibility (CSR) is linked to financial performance in Indonesian enterprises. Despite the fact that CSR was first revealed in Indonesia. Method:This study, which is based on a longitudinal information study, consists of the two hundred most famous organizations, which were chosen from 672 recorded corporations that lead Bursa Indonesia between 2010 and 2020 by content Analysis. Secondary data analysis of recorded market data from Indonesia was used in this study. The necessary information was retrieved and recorded so that it could be analyzed subsequently. Additionally, SPSS was used to analyze the filtered data from which a generalized linear regression model was adopted. Result: The linearity test reveals a linear link between Corporate Social Responsibility and Firm Performance. Leverage, income per share, firm size, resource turnover, and corporate social responsibility have all been identified as critical indicators of an organization's financial performance in past studies. The present results corroborate this. Limitation: Expanding the specimen estimate, possibly to different agencies not fundamentally recorded; probably to 250 best organizations in Indonesia may consider a preferred measure of the impact that CSR has on the financial performance of Indonesian agencies. Contributions: Through its observations and discussions, this research contributes to theoretical and methodological advancements in the field of business. The report reinforces and advises businesses on the importance of corporate responsibility in their quest to increase financial performance, particularly in Indonesia. If enterprises follow the study's recommendations, they can achieve unprecedented levels of financial enactment.
Construction capital structure; soe and non-soe in the pandemic era Nancy Megawati Hariandja; Hermanto Siregar; Arif Imam Suroso; Adler Haymans Manurung
Jurnal Manajemen Industri dan Logistik Vol. 6 No. 1 (2022): 10 original research articles were authored/co-authored by 40 authors from 4 co
Publisher : Politeknik APP Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30988/jmil.v6i2.1000

Abstract

This research aims to actuate the determinants of the capital structure of the state and non-state-owned construction industries during the infrastructure policy and the Covid-19 pandemic periods. Secondary data were collected quarterly from 2013 to 2020 from the Indonesia Stock Exchange (IDX), Bank Indonesia, and the Ministry of Public Works and Public Housing budget using a dynamic panel data with the Generalized Method of Moments. It was found that speed of adjustment, profitability, tangibility, activity, and infrastructure policies affect the capital structure of state-owned construction companies. Meanwhile, speed of adjustment, profitability, tangibility, and exchange rate affect non-state-owned construction companies. The result showed that state-owned and non-state-owned construction companies have a gap of 27.3% and 17.7% %, respectively. Furthermore, both companies have speed adjustment values of 1.38 period and 1.21 period. This means that non-state-owned construction companies' adjustment speed is faster than their state-owned counterpart. Therefore, the decision-making of debt construction companies needs to consider the financial characteristics and ownership of the company.
Co-Authors Abdinagoro, Sri Bramantoro Ade Onny Siagian Ade Onny Siagian Adyatma Prio Anggoro Agung Dharmawan Buchdadi AGUNG GALIH SATWIKO Ahmad Faqih Syukri Alfian Amran Ali Imron Ambarwati, Eliza Dyah Amran Manurung Annisa Lestari Ardo Ryan Dwitanto Arif Imam Suroso Arif Imam Suroso Asih, Kiki Nindya Astrika Erlin Nurcahyaningsih AWN Fikri Aziz, Lukmanul Hakim Azizah Suci Pratiwi Bahtiar Saleh Abbas Budi Paryanti, Atik Carlos, Gerry Juan D.S. Priyarsono D.S. Priyarsono Darmawan, Indra Darminto . Dedi Budiman Hakim Djuni Thamrin DODY KURNIAWAN Dominicus Savio Priyarsono Dwi Winarno, Dwi Dwitanto, Ardo Ryan Dyah Budiastuti Edward Efendi Edward Efendi Silalahi Elia Rossa Elia Rossa Endah Suci Damayanti Erliza Noor Farah Margaretha Fauziah, Dinda Fikri , Adi Wibowo Noor Fikri, AWN Firdaus, Fairuz Zayyan Gatot Nazir Ahmad Gerry Juan Carlos Gerson Hadita Simamora Hakim , Dedi Budiman Hakim Sangapan, Lukman Hapzi Hapzi Ali Hardiyanti, Siti Epa Hariandja, Nancy Megawati Hasanuddin Hasanuddin Hendri Setiadi Hermanto Siregar Hibatullah, Fadh Fauzi I Gusti Ketut Agung Ulupui Idel Eprianto Idris Idris Imelda Sari Indra Darmawan Ivan Jan Jaya Silaen Jhonni Sinaga John E.H.J. Foeh John Sihar Manurung - Josua Panatap Soehaditama Jumawan Khan, Muhammad Asif Kosasih, Wibowo Kurniana Lukman Hakim Sangapan M. Jhonni Sinaga M.Rizal Mangalindung, Giovani Huiser Manurung, Catarina Manurung, Gerson Margie, Lyandra Aisyah Marinda Machdar, Nera Martua Eliakim Tambunan Maula, Dela Azkiatul Monika Sari Siagian, Friska Muhamad Ramdan, Muhamad Muhammad Yusuf Munir, Ningky Sasanti NACHROWI D. NACHROWI Nancy Megawati Hariandja Narpati, Bintang Nathania yunus, Angeline Nera Marinda Machdar Nera Marinda Machdar Nimmi Zulbainarni Noer A. Achsani, Noer A. Nopriadi Saputra Novita Sari Nur Khosim Nuryati, Tutty Octa Nilam Lukkita Aga Oktariswan, Dony Palti Marulitua Sitorus Pamuji Gesang Raharjo Pamuji Gesang Raharjo Panubut Simorangkir Paryanti, Atik Budi Pasaribu, Rasnius Princes, Elfindah Puspitasari, Veny Anindya Putra, Christophorus Indra Wahyu Ratnawaty Marginingsih Retno Yuliati Rewang Budi Prasetyo Rezki Adhitia Rianto, Muhammad Richo Robertus Suraji Rony, Zahara Tussoleha Rosalinda Manullang, Mitha Debora Rosma Titis Hapsari Roy Sembel Roy Sembel Salsabila Hasani Sangapan, Lukman Sangapan, Lukman Hakim Sangapan, Lukman Hakim Sangapan Satriadi, Dharma Satrio Waliyudin Azhar Sholeh, M Asrorun Niam Silalahi, Edward Efendi Silvana Syah Simatupang, Apriani Sinaga, Jhonni Suci Damayanti, Endah Sudaryono SUGENG SUROSO, SUGENG Sundari Oktaviana Supardi Susy Muchtar Sutawidjaya, Ahmad Hidayat Tanti Novianti Tarigan, Paul Augustin Taufik Raharjo, Taufik Tegar Maulana Hidayat Tony Irawan Tri Widyastuti Tri Widyastuti Triskamto, Triskamto Tubagus Ahmad Maulana Tubagus Nur Ahmad Maulana Tubagus Nur Ahmad Maulana Viranti Margaretta Wahyu Hidayat, Wastam Wastam Wahyu Hidayat Widjanarko, Wirawan Willy Cahya Sundara Wirawan Widjanarko Wirawan Widjanarko Wiyandari, Esti Yuliansyah, M. Roby Yulyanah, Yulyanah Zahara Tussoleha Rony Zenal Asikin