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Pengaruh Manajemen Likuiditas terhadap Kinerja Keuangan Perusahaan pada Perusahaan Manufaktur Barang Indonesia Sihite, Sola Grace Lasmaria; Syarlla Martiza Eka Putri; Nabilah Salma Hersyandana; Henny Setyo Lestari
Paradoks : Jurnal Ilmu Ekonomi Vol. 8 No. 3 (2025): May - July
Publisher : Fakultas Ekonomi, Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/paradoks.v8i3.1386

Abstract

This study aims to analyze the relationship between liquidity management and financial performance. Companies often face challenges in balancing optimal performance with good liquidity management. With this study, it is expected to provide a clearer picture of how much influence liquidity management has on financial performance in the manufacturing sector, as well as provide recommendations that companies can use to improve the efficiency of liquidity management in order to achieve better financial performance. The type of data used is quantitative data and secondary data sources. The sample collection method is purposive sampling. The data testing method is panel data regression analysis. The results show that the current ratio, quick ratio and cash ratio have no effect on financial performance. While the net working capital ratio has an effect on financial performance.
Faktor Penentu Harga Saham Perusahaan Barang Komsumsi Yang Terdaftar di Bursa Efek Indonesia Muhamad Albarr Khairan; Rizky Ramzi Rahmawan; Alfadhilo Rolandnic Korgiza; Lestari, Henny Setyo
Paradoks : Jurnal Ilmu Ekonomi Vol. 8 No. 3 (2025): May - July
Publisher : Fakultas Ekonomi, Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/paradoks.v8i3.1431

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh enam rasio keuangan, yaitu Current Ratio (CR), Debt to Equity Ratio (DER), Return on Equity (ROE), Earnings per Share (EPS), Price to Earnings Ratio (PER), dan Total Asset Turnover (ATR) terhadap harga saham perusahaan sektor barang konsumsi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2019–2023. Menggunakan pendekatan kuantitatif dengan metode regresi data panel pada 37 perusahaan (185 observasi), data dikumpulkan melalui laporan keuangan dari situs resmi BEI dan perusahaan terkait. Hasil analisis menggunakan Fixed Effects Model menunjukkan bahwa CR dan EPS berpengaruh positif signifikan terhadap harga saham, sementara DER, ROE, PER, dan ATR tidak signifikan. Model penelitian memiliki adjusted R² sebesar 0,8673, menandakan kemampuan prediksi yang tinggi. Temuan ini menunjukkan bahwa investor lebih mempertimbangkan indikator likuiditas dan profitabilitas langsung dibandingkan efisiensi atau struktur pendanaan, dengan implikasi penting bagi strategi investasi dan manajemen keuangan perusahaan di sektor defensif ini.
FACTORS AFFECTING THE LIQUIDITY RISK OF COMMERCIAL BANKS LISTED ON THE INDONESIAN STOCK EXCHANGE Kusumo, Prasetiyo Hadi; Raas, Asdi Aprilian Husnadarari; Lestari, Henny Setyo
Jurnal Maneksi (Management Ekonomi Dan Akuntansi) Vol. 14 No. 2 (2025): Jurnal Maneksi (Management Ekonomi Dan Akuntansi)
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v14i2.3147

Abstract

Introduction: This study aims to identify variables that affect the liquidity risk of the banking sector in Indonesia. Methods: This research method was conducted by collecting data from 41 banking companies over five years (2019-2023), and applying data processing analysis using panel data regression analysis techniques.Results: The results of this study found that CAR, NPL, and SIZE harm liquidity risk (LA), while NPL, SIZE, OIR, and DAR harm liquidity risk (LD). Keywords: liquidity risk, capital adequacy, asset quality, bank size, efficiency, and deposit.
Pengaruh Economic Value Added Terhadap Kinerja Perusahaan Manufaktur Sektor Food and Beverage Yang Terdaftar di BEI Lestari, Henny Setyo; Hartini; Alfad Alfarizki
Ekonomi Digital Vol. 4 No. 1 (2025): Februari
Publisher : PT. Cendekia Sapta Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55837/ed.v4i1.154

Abstract

This study aims to determine the economic value added, refined economic value added, economic value added momentum and control variables, namely current ratio, debt to equity ratio and total assets turnover have a significant effect on company performance as measured by return on assets (ROA) of the Food and Beverage Manufacturing Sector listed on the IDX. This study uses the Panel method. The data used during the period 2018-2022 were obtained from the IDX. The dependent variable used in this study is profitability with the measurement variable being return on assets. While the independent variables are EVA, REVA and EVA momentum and the control variables are current ratio, debt equity ratio and total asset turnover. It is expected that the results of the study show that EVA, REVA and EVA have a positive and significant effect on influencing the profitability of manufacturing companies in the Food and Beverage sector in Indonesia.
The Influence of Specific, Macroeconomic and ESG Factors on Banking Liquidity Risk in Indonesia Fanu, Ridhan Azka Hani; Agustine, Elsa; Lestari, Henny Setyo
Almana : Jurnal Manajemen dan Bisnis Vol 9 No 2 (2025): August
Publisher : Bandung: Prodi Manajemen FE Universitas Langlangbuana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/almana.v9i2.2892

Abstract

Liquidity risk remains a critical challenge for the banking sector, as it affects financial stability and the ability to meet short-term obligations. In Indonesia, banking liquidity is influenced by internal performance, macroeconomic conditions, and the growing emphasis on Environmental, Social, and Governance (ESG) practices. This study aims to examine the impact of bank-specific factors, macroeconomic indicators, and ESG scores on banking liquidity risk in Indonesia. Using panel data from Indonesian banks, liquidity risk is measured through two proxies: the liquid asset ratio (LC1) and the loan-to-total-assets ratio (LC2). The findings show that bank performance, represented by Net Interest Margin (NIM), positively affects LC1, while inflation has a negative impact. Bank capital and size are positively related to LC2, whereas income diversification and bank performance reduce LC2. ESG scores do not exhibit significant effects on liquidity risk. These results provide important implications for policymakers, bank managers, and researchers in designing strategies to enhance liquidity resilience and guide future studies on ESG’s role in liquidity management.
The Effect of Credit Risk and Liquidity Risk on Bank Profitability Rahadiansyah, Reska Budi; Edwiga, Taqwa Ananda; Lestari, Henny Setyo
International Journal of Accounting and Management Research Vol. 6 No. 2 (2025): September 2025
Publisher : Institut Teknologi dan Bisnis Widya Gama Lumajang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30741/ijamr.v6i2.1584

Abstract

The purpose of this study was to determine the extent to which Credit risk, Liquid Assets to Deposit Ratio, and Bank Size to affect the profitability of banks listed on the Indonesia Stock Exchange during the period 2019 - 2023. The variables analyzed in this study, namely Credit risk, Liquidity risk, and Liquid Assets to Deposit Ratio, as well as control variables, namely Bank Size, GDP Growth, and Inflation. This study uses a panel data regression method with a random effect model approach to test the relationship between variables. The results showed that Credit risk has a significant negative effect on profitability, while Liquidity risk has no significant effect. Liquid Assets To Deposit Ratio and Bank Size have a positive effect on bank profitability. Meanwhile, GDP Growth and Inflation have no significant effect. These findings theoretically confirm that the importance of managing credit risk and liquidity risk in maintaining the financial performance of banks. The implications of this study provide direction for investors and banking management to make strategic decisions in risk assessment, liquidity structure, and growth policy to improve profitability and competitiveness in the banking sector.
The Effect of Liquidity Risk on the Financial Performance of Commercial Bank Listed on the Indonesian Stock Exchange Kholis, Muhammad Shofy Muhaiminu; Anugrah, Fatimah Ladiza Nuradhelia; Lestari, Henny Setyo
International Journal of Accounting and Management Research Vol. 6 No. 2 (2025): September 2025
Publisher : Institut Teknologi dan Bisnis Widya Gama Lumajang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30741/ijamr.v6i2.1589

Abstract

This study aims to examine the variables that affect financial performance in commercial banks listed on the Indonesia Stock Exchange. The method used is secondary data collection from 41 commercial banks over a five-year period (2019–2023), with a total of 205 data that meet the criteria. The data analysis used is the panel data regression method using EViews 9 software. The results of the study obtained that the Current Ratio and Capital Adequacy Ratio do not affect the bank's financial performance, while the Loan to Deposit Ratio and Loan to Asset Ratio have a positive effect on the bank's financial performance. Liquidity Gap Ratio, Non-performing Loans, and Deposits have been shown to have a negative effect on the bank's financial performance. The urgency of this research lies in the critical role of banking in maintaining financial system stability and supporting national economic growth, where weak financial performance and poor risk management can threaten public trust and overall economic resilience. Therefore, the results of this study are expected to be a reference for conventional banks in determining the factors that affect the bank's financial performance.
The Influence of Risk Management on Company Value Commercial Bank in Indonesia Wulandari, Ayu; Djaja, Kerstan Nathanael; Lestari, Henny Setyo
International Journal of Accounting and Management Research Vol. 6 No. 2 (2025): September 2025
Publisher : Institut Teknologi dan Bisnis Widya Gama Lumajang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30741/ijamr.v6i2.1598

Abstract

The purpose of this study is to examine how credit risk, liquidity risk, solvency risk, bank size, and bank deposits influence the Price-Earnings Ratio (P/E ratio) of commercial banks listed on the Indonesia Stock Exchange during 2019–2023. The research is motivated by the phenomenon of fluctuating bank valuations in Indonesia’s capital market, where inconsistent findings from prior studies on risk management and firm value create a research gap. To address this, the study investigates three main independent variables—credit risk, liquidity risk, and solvency risk—and two control variables, bank size and bank deposits. Using a quantitative explanatory approach, panel data regression with fixed and random effects models was employed on 38 banks, yielding 190 observations. The results reveal that solvency risk has a significant positive effect on the P/E ratio, whereas credit risk, liquidity risk, bank size, and bank deposits show no significant impact. These findings highlight the importance of solvency management in sustaining investor confidence and firm valuation. Theoretically, this contributes to risk–value literature, while practically, it suggests that bank managers and investors should prioritize solvency stability when formulating capital structure and risk management policies.
Firm-Specific Determinants of Bank Liquidity in Indonesia Akbar, Maulana; Fadilla, Akhmal Aries; Lestari, Henny Setyo
International Journal of Accounting and Management Research Vol. 6 No. 2 (2025): September 2025
Publisher : Institut Teknologi dan Bisnis Widya Gama Lumajang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30741/ijamr.v6i2.1605

Abstract

This study aims to examine the firm-specific determinants that influence bank liquidity among conventional commercial banks in Indonesia during the period 2019–2023. Using panel data regression on a sample of 23 banks listed on the Indonesia Stock Exchange, the study analyzes the impact of six independent variables—Capital Adequacy Ratio (CAR), Total Loan to Total Assets Ratio (TLTAR), Interest Rate Margin (IRM), Deposit Ratio, Non-Performing Loans (NPL), and Return on Assets (ROA)—on the liquidity ratio (measured as liquid assets to total assets). The results show that CAR has a significant positive effect, while TLTAR has a significant negative effect on bank liquidity. Other variables such as IRM, deposits, NPL, and ROA were found to have no significant influence. These findings indicate that adequate capital reserves and balanced credit allocation are crucial for maintaining liquidity in Indonesian banks. The study contributes to the literature by providing empirical evidence from the Indonesian banking sector and offers insights for bank managers and regulators to develop policies that enhance financial stability.
Basic Financial Management Training for MSMEs to Enhance Efficiency and Business Sustainability: Pelatihan Manajemen Keuangan Dasar bagi UMKM untuk Meningkatkan Efisiensi dan Keberlanjutan Bisnis Karnasi, Reniati; Lestari, Henny Setyo; Faisal, Aekram; Ramadhanti, Mutiara; Anggraeni, Dewi
Mattawang: Jurnal Pengabdian Masyarakat Vol. 6 No. 3 (2025)
Publisher : Yayasan Ahmar Cendekia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.mattawang4314

Abstract

This article addresses the issue of weak financial management among micro, small, and medium enterprises (MSMEs), which has an impact on business efficiency and sustainability. The focus of this community service program was basic financial management training for members of the Komunitas Sukses Berjamaah Indonesia (KSBI) aimed at strengthening bookkeeping, cash flow management, and the separation of personal and business finances. The objective was to improve financial literacy and practical skills, thereby fostering disciplined financial behavior and broader access to financing. The method employed a participatory approach, combining lectures, case studies, bookkeeping simulations, group discussions, and questionnaire-based evaluations, supported by field observation and follow-up. The training was conducted in South Jakarta with 20 participants from the trade, culinary, and service sectors. Results showed that 85% of participants considered the material relevant, 80% assessed the delivery as clear, 75% successfully prepared a simple cash flow report, and 78% committed to separating personal and business finances. The program also fostered solidarity, peer learning habits, and the emergence of local leaders, thereby enhancing financial efficiency while supporting the long-term sustainability of KSBI members’ businesses. These findings are consistent with the literature on financial literacy and community empowerment. Abstrak Artikel ini mengangkat isu rendahnya manajemen keuangan pada UMKM yang berdampak pada efisiensi operasional dan keberlanjutan bisnis. Fokus pengabdian adalah pelatihan manajemen keuangan dasar bagi anggota Komunitas Sukses Berjamaah Indonesia (KSBI) untuk memperkuat pencatatan, arus kas, dan pemisahan keuangan pribadi–usaha. Tujuan kegiatan ialah meningkatkan literasi dan keterampilan praktis sehingga terbentuk perilaku keuangan yang tertib serta akses pembiayaan yang lebih luas. Metode menggunakan pendekatan partisipatif melalui penyampaian teori, studi kasus, simulasi pencatatan, diskusi, dan evaluasi kuesioner, disertai observasi lapangan dan tindak lanjut. Pelatihan dilaksanakan satu hari di Jakarta Selatan dengan 20 peserta dari sektor perdagangan, kuliner, dan jasa. Hasil menunjukkan 85% peserta menilai materi relevan, 80% menilai penyampaian jelas, 75% mampu menyusun arus kas sederhana, dan 78% berkomitmen memisahkan keuangan. Teridentifikasi pula munculnya solidaritas, kebiasaan belajar bersama, dan figur pemimpin lokal, yang memperkuat efisiensi pengelolaan sekaligus menopang keberlanjutan usaha anggota KSBI. Temuan ini konsisten dengan literatur tentang literasi keuangan dan pemberdayaan.
Co-Authors Abdul Rahman, Johan Nazwar Adawiyah, Wiwik Robiatul Adhi Nugroho Adli Saputra Aekram Faisal Afrizal Elgi Agus Budi Hartono Agustine, Elsa Aisyah Putri Nabila Akbar, Ilham Cahyo AKBAR, MAULANA Alfad Alfarizki Alfadhilo Rolandnic Korgiza Alfian Zata Thirafi Alif Satria Ichsan Alifyyah Putri Ajar Setiadi Alya Nisrina Hafsyah Amanda Jonatan Puteri Amelinda Fairuz Azura Amelya Rahma Maulida Amirah, Nishrina Nurul Amriyadi, Amriyadi Annaas Azzumar Rahman Annisa Yasmine Adeputri Badan Anton Anugrah, Fatimah Ladiza Nuradhelia Aprilriani, Giya Aprilriani, Giya Ardana, I Dewa Ayu Nadya Dhanari Kirana Ardelia, Rahmadina Asep Hermawan Ayu Ekasari Ayu Purbaningrum Ayu Wulandari Bahtiar Usman Bahtiar Usman Bahtiar Usman, Bahtiar BAMBANG SUSILO Bangun, Bastanna Erlayas Bayu Malindo Putra Budiman, Thomas Chintia, Helda Christy Yanwar Yosapat Dabo, Mia El Darmawan, Andik Rusdi Deany Putri Aprilia Deci Novesa Carani Dewi ANGGRAENI Dewi, Rosiana Dhetoriana Permatasari Dita Ayu Nurani Dita Evelyn Elintra Kloko Djaja, Kerstan Nathanael Edwiga, Taqwa Ananda Eiyagina Tenika Eki Veronika Erny Tajib Fadilla, Akhmal Aries Fajar Rahmana Faldi Rhayhan Fanu, Ridhan Azka Hani Farah Margaretha FARAH MARGARETHA Farah Margaretha Leon FARDINI RAHMA DEWI Fariz Alfiknacio Abdat Ferina Ainul Latiefa Fibby Luthfia Georgina Maria Tinungki Hadyan, Kamal Hani Ismahdiani Hartini Haura Raihana Tsani Effendi Hendro Prasetio Herman Situmorang Ida Susanti Idrianita Anis Ignatius, Bayiuaji Ilham Abadi Indra Maulana Indra Saputra Indri Ilma Yuannitha Indri Safitri Indriyantini, Dhiya Faza Ivan Wiryawan Jamaludin . Jannatul Mawah, Nana Jerry Ananta Ginting Jihan Mafaza Joseph Hendryawan Krisantanu Splendid JR. Dwi Mas Sukma Agung Karnasi, Reniati Kemal Reza Khaerunissa, Dinda Kholis, Muhammad Shofy Muhaiminu Kurnia Yuniarti Kurniawan Putra Perdana Kurniawati, Novia Krida Kusumo, Prasetiyo Hadi Laksono, Wafi Suryo Latifah Herman Leon, Farah Margaretha Limbong, Yolanda Maelanal Husna Maharani Dheva Dwi Safitri Maharestu, Aruna Ardya Mahsa Hisanah Dalilah Maria Albertina Dewanti Eston Marji Uliansyah Martiningtiyas, Catur Rahayu Mega Mersela Mela Aryasari Mendieta, Ariska Carollina Milah Fadhilah Kusuma Fasihu Milenia, Nadia Muhamad Albarr Khairan Muhammad Akmal Alauddin Muhammad Evirel Frasya Muhammad fauzan Muhammad Rizki Zhafran Muhammad Rizky Muhimah, Khoirul Mumpuni, Bella Putri Mutyarawati, Herlita Nabilah Salma Hersyandana Nadia Trisanti Nida Abdilla Ritonga nirdukita ratnawati, nirdukita Noviana Dwi Mas'ula Nurhaliza, Riqqah Nurizka Anindia Nurul Inayah Nuury Nurmelia Oscar, Yosia Palguna, Arya Irawan Putra Panjaitan, Zulkarnain Pertiwi, Silva Nurbaiti Perwitasari, Indah Pitoyo, Mikha Merianti Pitriana, Ida Pitutur, Fajar Jati Powell Gian Hartono Pradana, Firmansyah Adhitya Pramesti Baskoro Dewi Pratama, Bayu Aji Pratama, Kelvin Purwidyasari, Scholastica Meillia Puspita, Grace Febiola Putra, Daffa Ikhsan Putri, Fara Ghassani Putri, Rizky Anugrah Putut Jatmiko Raas, Asdi Aprilian Husnadarari Rafi Altaf Tjaputra Rahadiansyah, Reska Budi Rahmadina Ardelia Rahmawati Rahmawati Ramadhanti, Mutiara Reniati Karnasi Renny Risqiani Reskika, Nadira Rezalia, Vinny Rian Rizki Hidayat Riantino Septian Ricardo, Wilson Richy Wijaya Rika Maryani Rina Hartanti Ringke Dirdia Rizki Amelia Rizky Ramzi Rahmawan Romanista Purba Rosidah Panjaitan Rowena, Janny Safitri, Dilla Ulfiani Sajida, Yusrina Almas Sarah Ayu Larasati Sastraprawira, Mohamad Zahran Danes Seno Banyu Aji Yudha Pratama Serly Permatasari Setyarini, Intan Sihite, Sola Grace Lasmaria Simamora, Asnita Srie Wijihastuti Subri, Ahadi Suhardono, Adhyatma Ndaru Susy Muchtar Syahid, Aliah Muthiah Syahpria, M Fadly Syarlla Martiza Eka Putri Syofriza Syofyan Tambunan, Alexandria Leonard Tiara Puspa Tiarapuspa Trisnawati Trisnawati Veren Velicia Natalie Veronika Mutianingsih Vivian Vivian Wardana, Nofrizal Bagas Wicaksono, Ignatius Henry Wiguna, Utomo Adi Wijaya, Dewi Deliana Wina Wiwi Handayani Wulansari Dewi Y. Agus Bagus Budi N YANTO YANTO Yasminawati, Anjani Yudha Pratama Hendrawan Yunita Kusumaningrum Yunita Kusumaningrum Yusfania, Bilkis Yusia Bela Zulfa Sukainah