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All Journal Jurnal Manajemen dan Bisnis Sriwijaya Journal of Indonesian Economy and Business ASEAN Journal on Hospitality and Tourism DIJB (Diponegoro International Journal of Business) Business Review and Case Studies Journal of Islamic Economic and Business Research Co-Value : Jurnal Ekonomi, Koperasi & Kewirausahaan Jurnal Locus Penelitian dan Pengabdian Proceeding of the International Conference on Family Business and Entrepreneurship (ICFBF) Journal of International Conference Proceedings International Journal of Management, Entrepreneurship, Social Science and Humanities (IJMESH) Eduvest - Journal of Universal Studies e-Jurnal Apresiasi Ekonomi
Sari Wahyuni
Faculty Of Economics And Business, Universitas Indonesia
Religion Aerospace Engineering Agriculture, Biological Sciences & Forestry Humanities Automotive Engineering Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Electrical & Electronics Engineering Engineering Health Professions Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Neuroscience Social Sciences

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Concentration Level and Market Power of Islamic Bank Industry: Analysis of Pre and Post Bank Syariah Indonesia Merger Yaser Taufik Syamlan; Sari Wahyuni; Lily Sudiharto
Journal of Islamic Economic and Business Research Vol. 3 No. 2: December 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v3i2.189

Abstract

This paper attempted to examine the concentration and the degree of market power in the Indonesian Islamic Bank Industry during the pre and post-Bank Syariah Indonesia mega-merger. However, using the Strategic Tripod concept, this paper explored the response of the competitor pursuant to the merger. This paper used two main secondary data sources, which were 2 quarterly financial reports before the merger and 1 quarterly financial report after the merger of 34 Islamic bank data, and applied the Herfindhal-Hircsmann Index and Concentration Ratio of the top 5 Islamic banks. This paper discovered that the concentration ratio was at a moderate level. Moreover, based on the CR5 calculation result, Islamic banks have an oligopoly market structure. As for the response to the mega-merger, this paper divides 34 islamic banks into 3 clusters which are full-fledged Islamic banks (Bank Umum Syariah), Private Owned Islamic Subsidiary (Unit Usaha Syariah), Province Owned Islamic Subsidiary (Unit Usaha Syariah Bank BPD). Based on the strategic tripod, the strategy of the Islamic full-fledged bank orchestrates resources to win the competition. The privately owned Islamic Subsidiaries are taking advantage of their resource sharing with their parents. Meanwhile, the Province Islamic subsidiary's strategy relies on the regulations determined by the bank shareholders, who, in this case, are the government province.
AN EVALUATION OF GREEN BANKING IMPLEMENTATION: IMPACTS ON FINANCIAL PERFORMANCE AND SUSTAINABILITY REPORTING QUALITY IN THE INDONESIAN BANKING SECTOR Fania Naomi Hutauruk; Sari Wahyuni
Jurnal Apresiasi Ekonomi Vol 14, No 1 (2026)
Publisher : Institut Teknologi dan Ilmu Sosial Khatulistiwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31846/jae.v14i1.1013

Abstract

The implementation of Green Banking (GB) in Indonesia, institutionalized through OJK Regulation No. 51/2017, represents a strategic pivot towards integrating Environmental, Social, and Governance (ESG) principles to advance the nation's sustainable development agenda. This study provides a comprehensive evaluation of the influence of GB implementation on financial performance—measured by Return on Assets (ROA), Return on Equity (ROE), and Non-Performing Loans (NPL)—and on the quality of sustainability reporting (SR). The research further investigates the mediating roles of Green Innovation (GI) and Corporate Reputation (CR), alongside the moderating effects of Corporate Governance (CG) and Institutional Ownership (IO). Adopting a sequential explanatory mixed-methods approach, the study first conducts a quantitative analysis of panel data from 16 leading Indonesian banks over the 2019–2023 period. The subsequent qualitative phase deepens these findings through in-depth interviews with 12 senior practitioners from five of the sampled banks. Quantitative results reveal that GB significantly and positively influences financial performance, as measured by ROA (β=0.4278, p=0.0190) and ROE (β=0.4052, p=0.0038), and also enhances SR quality (β=0.5853, p=0.0026). However, contrary to the hypothesis, GB was found to significantly increase NPL (β=0.4085, p=0.0271), indicating a rise in credit risk. The findings on mediation show that GI significantly mediates the relationship between GB and ROA (Sobel test p=0.0409) as well as NPL (p=0.0372), but not ROE (p=0.055). Conversely, CR does not significantly mediate the link between GB and SR quality (p=0.052). For moderation, CG is confirmed to significantly strengthen the positive relationship between GB and both ROA (p=0.0017) and ROE (p=0.0048). However, the moderating effect of CG on the GB-NPL relationship and the moderating influence of IO on the GB-SR relationship were not supported (p>0.05). Qualitative findings uncover the complex dynamics of GB implementation, including challenges in green credit allocation, pressure from short-term-oriented foreign shareholders, and strategic mitigation through the fortification of governance via sustainability committees. This research contributes theoretically by testing a hybrid mediation-moderation model. Practically, it offers actionable recommendations for regulators (OJK) and the banking industry to enhance regulatory incentives, safeguard green innovation, and optimize institutional ownership structures to accelerate Indonesia's sustainable finance transition.
Multi-Stakeholder MSME Collaboration for Economic Resilience: A Systematic Literature Review of Asian Governance Bahar Buasan; Vita Mayastinasari; Sari Wahyuni; Riani Rachmawati
International Journal of Management, Entrepreneurship, Social Science and Humanities Vol. 9 No. 2 (2026): January - June Volume
Publisher : Research Synergy Foundation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/ijmesh.v10i1.4126

Abstract

The use of multi-stakeholder collaboration is the main focus of Asian MSME development, but the current literature has focused primarily on Western forms of governance with scanty knowledge of the cultural aspects and stakeholder power relations influence the collaboration outcomes in Asian settings. This literature review analyzes the patterns of multi-stakeholder collaboration, stakeholder positioning, and systemic challenges of the Asian MSME development programs. The studies included in the analysis were 54 peer-reviewed articles “20152025” located in SCOPUS based on thematic synthesis and three research questions. The patterns of research indicate that there has been a paradigm change towards integrated frameworks informed by four cultural dimensions, including traditional governance philosophy, religious-spiritual integration, technology-based modernization, and environmental-cultural resilience. Eastern Asia is found to be more interested in technology, South east in community involvement and South Asia in policy innovation. The Power-interest approach finds the gaps in the representation where Government is the only Key Player and the Local Communities, Religious Leaders and International NGO are kept aside yet they play a crucial role in the implementation processes. The systemic issues include power imbalances, institutional fragmentation, resource constraint, and tensions between the traditional and modern business. The review goes beyond Stakeholder and Governance Theory by showing that the Asian MSME collaboration is a cyclical process where cultural legitimacy is input and output based on culturally-grounded protocols.
Police–Government Collaboration in MSME Empowerment: Evidence from Bangka Belitung Bahar Buasan; Vita Mayastinasari; Sari Wahyuni; Riani Rachmawati
Eduvest - Journal of Universal Studies Vol. 6 No. 5 (2026): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v6i5.52709

Abstract

This study discusses the economic growth paradox without security in the Bangka Belitung Islands Province, where reported crimes have increased by 37.6 (1,566 to 2,155 cases) over the period between 2021 to 2023, despite the 12.8 growth in MSMEs amid an economic transition not based on tin mining. The study dwells on the police-local government cooperation in the empowerment of MSMEs as a Crime Prevention Through Social Development (CPSD) measure. Using qualitative case study research approach and interviewing the stakeholders of ABCGM (Academy, Business, Community, Government, Military/Police) by using in-depth interviews and focus groups, this study develops the Community-Based Empowerment Model (Model BBM). The results illustrate the multidimensional aspect of MSMEs in security, which constitutes surveillance networks, economic stabilization, social capital formation, and situational crime prevention. The BBM Model works out Bhabinkamtibmas (community police officers) as ecosystem orchestrators in five functions: assessment, bridging, capacity-building, governance, and monitoring. The paper is an addition to the theoretical synthesis of procedural justice developed by Tyler, community policing developed by Bayley and economic criminology, as it provides a practical road map of the 17,000 Indonesian island communities shifting to extractive ones.
How is the Impact of Networking, Government Support, and Resources on Micro-Enterprises Near the Train Station Rauf Rahman; Sari Wahyuni; Manerep Pasaribu
Jurnal Locus Penelitian dan Pengabdian Vol. 5 No. 6 (2026): JURNAL LOCUS: Penelitian dan Pengabdian
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/locus.v5i6.5988

Abstract

Micro, Small, and Medium Enterprises (MSMEs) in Indonesia contribute 60.5% to the national GDP and employ 96.9% of the workforce, positioning them as the cornerstone of the national economy. Strengthening MSME performance is thus critical to accelerating economic development and escaping the middle-income trap on the path toward Golden Indonesia 2045. This research aims to explore the extent to which MSME network structures (density and centrality) enhance access to government support and, in turn, optimize organizational resources and performance. A quantitative research approach was employed, targeting micro-enterprises operating near train stations in major Indonesian cities (Jakarta–Bogor and Medan). Data were collected from 130 eligible respondents through an online survey. Hypotheses were tested using structural equation modeling with SmartPLS. The findings reveal that network centrality has a positive and significant effect on access to government support, while network density does not. Government support significantly influences resource optimization, which in turn strongly affects MSME performance. However, the direct effects of network density, network centrality, and government support on performance are insignificant, indicating that resource optimization mediates the relationship. These findings suggest that MSMEs should focus on strengthening their centrality within networks, rather than relying solely on communal ties, to secure government support that enhances resource utilization and performance outcomes. Policymakers are advised to design support programs that are accessible, needs-based, and complemented by capacity-building initiatives.
Change Management and Organizational Culture in the Port Management: Pelindo Post Merger Meidya Rahayu Chandra; Sari Wahyuni
Jurnal Locus Penelitian dan Pengabdian Vol. 5 No. 9 (2026): JURNAL LOCUS: Penelitian dan Pengabdian
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/locus.v5i9.6386

Abstract

The 2021 merger of PT Pelabuhan Indonesia (Persero), which integrated Pelindo I, II, III, and IV, represented a large-scale organizational transformation involving not only the consolidation of organizational structures and business processes but also systematic change management and organizational culture harmonization. This study aimed to analyze the change management strategies, organizational culture formation process, and effects of both factors on the post-merger organizational performance of PT Pelabuhan Indonesia (Persero). The study employed a descriptive qualitative approach with a case study design. Data were collected through semi-structured interviews, observations, and company document analysis involving five key informants holding positions at the director, group head, and department head levels. The data were analyzed using narrative analysis through transcription, coding, theme identification, and systematic interpretation. The results showed that Pelindo’s successful transformation was supported by structured change management based on Kotter’s eight-step change model, inclusive leadership, transparent communication, employee involvement, and organizational culture harmonization. The internalization of AKHLAK values, strengthened cross-entity collaboration, and various transformation programs helped reduce resistance and establish a more cohesive organizational identity. The study concluded that merger success depended not only on structural and business process changes but also on the organization’s ability to manage human factors, organizational culture, leadership, government policy support, and an integrated combination of transformational and transactional leadership
Co-Authors Akbar Chinindio Andrea Kirana Anggraeni Angelica Fadya Noventi Annisa Anjani Aryo Andrashmara Badzlina Monica Fitriyana Bahar Buasan Bahar Buasan Belton Sihotang Cesario Iriansyah Danang Fajar Pamungkas Dendy Putra Ladumei Dian Alanudin Dian Rahmasari Esther Sri Astuti Fania Naomi Hutauruk Hanni Hafsari Putri Harrtyan Muhammad Karina Miaprajna Utari Lily Sudiharto Manerep Pasaribu Meidya Rahayu Chandra Mohd Rifdi Safwan Monica Devina Muhammad Zuhdi Natasha Radinda Putri Taifur Putra Ramadisia Ratna Pratama Rauf Rahman Riani Rachmawati Ryan Rene Safira Syahdani Guci Fahmi Sania Humaira Sari Wahyuni, Lily Sudhartio, Vita Mayastinasari Vita Mayastinasari Yaser Taufik Syamlan Yohannes Ekaputra