Claim Missing Document
Check
Articles

Found 2 Documents
Search

Analysis of the Financial Performance Implications for Establishing an Ecosystem State-Owned Holding in Indonesia Dewi, Tri Kartika; Wulandari, Permata
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.v5i9.51285

Abstract

This research examines differences in financial performance resulting from the establishment of Indonesia's State-Owned Holding (SOH) by comparing the periods before and after its formation. While many countries have adopted centralized SOH models, the effect on State-Owned Enterprise (SOE) performance under SOH remains unclear. This case study employs a mixed-method approach, incorporating secondary data analysis of quarterly financial reports from six holding members from 2018-2023, alongside primary data obtained from in-depth interviews with five CFOs in the State-Owned Member Holding and relevant government stakeholders. Descriptive statistics and the Wilcoxon Signed-Rank Test were used to identify differences in financial performance before and after the establishment of the holding. In parallel, qualitative analysis was conducted to explore the underlying factors influencing financial outcomes. The research findings reveal that the formation of the holding has not uniformly improved the financial performance of all members in pre- and post-holding financial metrics in profitability indicators (ROE, ROA), liquidity (Quick Ratio), and leverage (DER). Interview results suggest that the timing of the holding's formation—during the COVID-19 pandemic—and the varying initial financial conditions of member entities, due to corporate actions prior to integration, played significant roles. Additionally, some members faced constraints in accessing bank facilities and were burdened with government assignments for economic and social objectives. Results are consistent with prior studies, which highlight that the performance of SOEs under SOH may deteriorate when government intervention persists, particularly when driven by non-commercial, social objectives.
RANCANG BANGUN SISTEM INFORMASI PENGGAJIAN KARYAWAN PADA PT. LINTAS VIRTUAL GLOBALINDO BEKASI Riyanto, Yuliadi; Dewi, Tri Kartika
JURNAL LENTERA ICT Vol. 4 No. 1 (2018): JURNAL LENTERA ICT
Publisher : POLITEKNIK LP3I JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstract This research is entitled "Designing an Employee Payroll Information System at PT Lintas Virtual Globalindo Bekasi". The purpose of this study was to find out how the employee recitation information system, and the constraints faced in the information system and provide solutions to the employee payroll information system problems. Employee payroll procedures are used at PT. The Virtual Globalindo crossing in Bekasi is currently using the conventional method, namely by recording the books and assisted with Microsoft Office Excel, so that the employee payroll process runs ineffective and inefficient. Of these problems raises the idea of creating a web-based information system, in which can manage computerized employee payroll. The research method used is Library Research and Field Research. There are three actors / users in this information system, namely Employees, Admin and Finance. Employees can only access the attendance page. Then the admin can access and manage employee attendance. employee data, employee divisions, employee positions and data users, and Finance can access overtime data, salary transactions, attendance reports, salary and paycheck reports, with the Employee Payroll Information System for the Finance section, which is expected to facilitate the employee payroll process.Keywords: Design, System, Payroll.