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All Journal Signifikan : Jurnal Ilmu Ekonomi ETIKONOMI Journal of Accounting and Investment Jurnal Kajian Akuntansi ACCRUALS (Accounting Research Journal of Sutaatmadja) Proceeding of National Conference on Accounting & Finance Jurnal Pasar Modal dan Bisnis TSARWATICA (Islamic Economic, Accounting, and Management Journal) Business Review and Case Studies Amal: Jurnal Ekonomi Syariah
Nunik Nurmalasari
Sekolah Tinggi Ilmu Ekonomi Sutaatmadja
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Digital Finance For Improving Financial Inclusion Indonesians’ Banking Estu Widarwati; Asep Solihin; Nunik Nurmalasari
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 1 (2022)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v11i1.17884

Abstract

A digital finance service breakthrough is essential to get better financial assistance to optimize financial inclusion, and the effectiveness requires technological support in banking financial services. The study investigates the effect of digital finance on financial inclusion in Indonesians’ banking industry. We develop the new measurement, namely average digital finance (ADF), and use loan transactions to proxy financial inclusion. The samples are six banking during 2013-2019, and we use panel data regression to test the hypothesis and do a robustness check. Our result confirms that ADF positively impacts financial inclusion and finds evidence of bank size’s role in digital finance and financial inclusion. It implicates banks’ strategy for optimizing financial inclusion based on its characteristics such as age, profitability, and efficiency. It contributes to digital finance’s government policy for using explored internet banking and mobile banking stimulatingly.Widarwati, E., Solihin, A., & Nurmalasari, (2022). Digital Finance For Improving Financial Inclusion Indonesians’ Banking. Signifikan: Jurnal Ilmu Ekonomi, 11(1), 17-30. https://doi.org/10.15408/sjie.v11i1.17884.
The Role of Efficiency Management for Optimizing Corporate Sustainability Performance Estu Widarwati; Nunik Nurmalasari; Ivan Yusriful Fajar; Nabilla Nur Rohmah
Jurnal Pasar Modal dan Bisnis Vol 4 No 1 (2022)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37194/jpmb.v4i1.120

Abstract

The improvization of sustainability performance for creating the long-term value requires good governance in order to achieve a high productivity and control costs. Firm’s ability managing assets efficiently should be synergized with good corporate sustainability information disclosure. Efficiency management is important for corporate sustainability. A better firm’s managerial improvement will increase firm’s sustainability performance. This is early study analyzing the firm efficiency for achieving corporate sustainability performance in terms of economic, environmental, or social aspects. Furthermore, the study test the impact of efficiency management on corporate sustainability performance in Indonesian’s non financial industry. This study uses purposive sampling technique and the samples include infrastructure, healthy, industrial, basic material, and non primer sector of IDX in 2019-2020. The analytical tools using descriptive statistic, simple regression, and T-test The results show that efficiency management has a significant effect on corporate sustainability performance. Separated effect of efficiency management significant on economic aspect but different finding on environment and social aspect. Next research should explore deeply the topic using long period and complex model approac. The finding this study lead to the significance of efficiency management as breakthrough for optimizing corporate sustainability performance.
BANK EFFICIENCY ANALYSIS ON THE PERFORMANCE OF ISLAMIC BANKING IN INDONESIA (Case Study of Islamic Commercial Banks Listed on the IDX for the Period 2014-2018) Jashinta Efril; Estu Widarwati; Nunik Nurmalasari
TSARWATICA (Islamic Economic, Accounting, and Management Journal) Vol 2 No 2 (2021)
Publisher : STIESA Press

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Abstract

The purpose of this study is to determine the efficiency and performance of Islamic banking in Indonesia and the effect of the relationship between efficiency on the performance of Islamic banking in Indonesia. This type of research is descriptive. With the research object is the financial statements of 11 Islamic banks in Indonesia. The data analysis method used is Data Envelopment Analysis (DEA), ratio analysis, and panel data. The results showed that based on the DEA analysis, the overall average of Islamic banks reached an efficiency of 95.1%, and in several periods the 11 banks had an efficiency level of 100%. In the ROA ratio analysis, it shows that Islamic banks are in bad condition, the NIM ratio analysis shows that Islamic banks are in good condition. The analysis of the effect of the DEA analysis with the ROA and NIM ratios shows that the ROA ratio is not significant and has a negative effect on DEA. The NIM ratio has a positive and significant effect on the DEA analysis. Sharia banking listed on the IDX 2014-2018 should be able to manage time, funds, costs as best as possible. As well as avoiding risks and interests between investors or funders so that banks avoid Increasing and Decreasing. The next researcher should be able to add other variables such as other ratio performance variables.
Governance and Bank Performance: Does Bank Risk Matter ? Estu Widarwati; Soni Karmila; Nunik Nurmalasari
ETIKONOMI Vol 21, No 2 (2022)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v21i2.24364

Abstract

Governance becomes a guideline for the banking management system and is essential for banking survival during regular economic crises. We investigate the impact of governance on performance in the Indonesians' conventional and examine the mediating role of bank risk in bank governance and performance relationship. The samples are 18 conventional banks listed on Indonesia Stock Exchange (IDX) from 2014 to 2021 and analyzed using panel data regression and sobel test. We find the risk of state-own bank higher than private bank and foreign bank that could leads to lower performance. Then the results indicate that board size and board age influence bank risk and bank performance. Banks should consider the board size for efficiency and also the maximum standard of their directors' age based on arguments related to innovation-based work productivity in the competitive banking industry. The subsequent exploration of banking governance research is needed by examining the differences in bank ownership and bank characteristics linked to bank risk which is strong evidence as mediation in this study.JEL Classification: G20, G30, G32, G34
Corporate Sosial Responsibility and Firm Value: The Mediating Role of Profitability and Governance Hana Afifah Fauziah; Estu Widarwati; Nunik Nurmalasari; Tigin Lugiani
Proceeding of National Conference on Accounting & Finance Volume 5, 2023
Publisher : Master Program in Accounting, Faculty of Economics, Universitas Islam Indonesia

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Abstract

TFirm value is a value that can be observed through stock prices by investors and one of the factors that affect it is corporate social responsibility (CSR). This study aims to find empirical evidence regarding the relationship of CSR to firm value by using profitability and corporate governance as moderating variables as a novelty value in this study. We use CSRDI as measurement of CSR and firm value proxied by Tobins’Q, then managerial ownership for corporate governance proxy, and Return on Asset (ROA) for profitability proxy. The sample is 10 non-financial companies on the Indonesia Stock Exchange (IDX) from 2015 to 2021 included consumer non cyclical, industrial, energy, basic material, and infrastructure sector. We analyzed the datas using panel data regression and also moderating regression analysis (MRA) for the test the hyphoteses. The results indicate that CSR has a positive effect on firm value and profitability significant moderate the relation of CSR and firm value, while corporate governance has no moderating role. We also find significant role of firm size as control the relation of CSR, Firm Value, Profitability, and Governance. It important to manage the efficiency of asset management for improving firm value linked to CSR decision.
Intellectual Capital and Firm Performance: The Mediating Role of Governance Pipit Rengganis; Estu Widarwati; Nunik Nurmalasari; Mutqi Sopiawadi
Proceeding of National Conference on Accounting & Finance Volume 5, 2023
Publisher : Master Program in Accounting, Faculty of Economics, Universitas Islam Indonesia

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Abstract

Intellectual capital is an intangible asset, resource, science and technology and knowledge owned by a company that distinguishes it from other companies. Intellectual capital has developed and has become a very important capital and is a critical part for companies to gain competitive advantage in facing economic developments where competition is getting stronger. This study aims to examine the effect of intellectual capital on financial performance with corporate governance as a moderating variable in companies on the Indonesia Stock Exchange. Intellectual capital is proxied by value added intellectual coefficient (VAICTM), financial performance measured by return on equity (ROE), then corporate governance proxied by independent commissioners and audit committees. The sample are 33 companies all sectors listed on Indonesia Stock Exchange (IDX) from 2015 to 2021 and the datas analyzed using panel data regression and moderating regression analysis (MRA). The results show that the intellectual capital variable on financial performance has significant positive effect. We find that the audit committee as a moderating variable can significantly strengthen the relationship between intellectual capital and financial performance, but there is no strong evidence independent commissioners has significant moderating role. However, Companies that are able to manage intellectual capital and implement good corporate governance will achieve competitive advantage in improving the company's financial performance.
The impact of Income Diversification on Performance and Risk Taking: Case in Indonesia’s Shariah Banking during covid-19 Indra Maulana; Estu Widarwati; Nunik Nurmalasari; E Wityasminigsih
TSARWATICA (Islamic Economic, Accounting, and Management Journal) Vol 4 No 2 (2023)
Publisher : STIESA Press

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Abstract

The banking development is increasingly rapid and competition is an important aspect for maintaining the existence of a bank that can achieved by income optimalizing and minimazing of risk taking. This study examines the effect of income diversification on sharia bank’s performance, and also aims to test the effect of income diversification on performance and risk taking. The sharia bank’s performance proxied by return on equity and measurement of risk-taking using z-score. The samples are sharia banks registered in the financial services authority during 2019-2020. We use the descriptive statistic analysis and panel data regression processed by eviews 9. We found that income diversification not effect on both of performance and risk taking. During covid, sharia bank tends to have lower income diversification as same as lower performance, but having higher risk taking.
The THE EFFECT OF DIVERSIFICATION STRATEGY ON FINANCIAL PERFORMANCE WITH GOVERNANCE AS A MODERATING VARIABLE Estu Widarwati; Nurul Hamidah; Nunik Nurmalasari
ACCRUALS (Accounting Research Journal of Sutaatmadja) Vol 7 No 01 (2023): Accruals Edisi Maret 2023
Publisher : Sekolah Tinggi Ilmu Ekonomi Sutaatmadja

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35310/accruals.v7i01.1006

Abstract

Financial performance is an important factor and needs to be considered by companies, because financial performance is always needed to evaluate the performance of a company and the performance of a certain period of time. One of the efforts made by the company to improve its performance is to carry out a diversification strategy. A diversification strategy requires proper management in order to optimize its performance. The existence of proper governance can assist decision-making in choosing a diversification strategy to improve the company's financial performance. The goal to be achieved in this research is the effect of diversification strategy on financial performance with governance as a moderating variable. The object of research applied in this study is to analyze the effect of the diversification strategy using the Hierschman Herfindah Index (HHI) proxy on financial performance using the Return on Equity (ROE) proxy with governance as a moderating variable proxied by Managerial Ownership and the Board of Commissioners. This study uses a quantitative approach because the data is in the form of statistical analysis numbers, further research is descriptive verification because it tests the hypothesis. The population in this study are financial companies listed on the IDX. The sample in this study was 15 companies in non-financial companies on the IDX for the 2016-2021 period. This research is a panel because it combines cross section and time series data, and is tested using the E-views9 software application. Based on the results of the study, it is known that the results of the diversification strategy t test have a significant negative effect on financial performance with firm size as a control variable. The results of the MRA H2a test show that managerial ownership strengthens the effect of diversification strategies on finances. The results of the H2b MRA test show that the Board of Commissioners weakens the effect of the diversification strategy on financial performance. The implication in this study is that the diversification strategy carried out by non-financial companies listed on the IDX for the 2016-2021 period has not provided optimal results on company performance. However, the existence of a supervisory mechanism in the form of managerial ownership has proven to be able to encourage managers to make decisions that can reduce the total risk of a diversified company. And it is necessary to increase the supervision of the board of commissioners in diversified companies in order to improve their financial performance.
THE EFFECT OF DIVERSIFICATION ON PERFORMANCE AND RISK (Case on Shariah Bank in Indonesia Period 2019-2020) Shinta Qurrota Aini; Estu Widarwati; Nunik Nurmalasari; E Wityasminigsih
TSARWATICA (Islamic Economic, Accounting, and Management Journal) Vol 5 No 1 (2023)
Publisher : STIESA Press

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Abstract

Banks has been able to increase its capability by diversified their services and invesment hat implicate increasing their credit risk, market risk, operational risk, liquidity risk, legal risk, strategic, compliance risk, and reputation risk. This study aims to examine the impact of diversification on the bank performance which risk as moderation variable. Samples used are 10 sharia banks listed in Authority Indonesian Authority Service (OJK) during 2019-2020. Income diversification as proxy bank diversification, bank performance measured by Return on Equity (ROE), and Z-score used to measure the bank risk. The results showed there is no significant impact of diversification on the bank performance and bank risk. Anyway, bank should keep the quality in good condition for improving the performance and minimizing the risk based on macro factor consideration such abnormal economic affected pandemic.
Financial Behavior and Financial Technology: A Case Study of Peer-To-Peer Lending Estu Widarwati; Nunik Nurmalasari; Moeljono; Arizal Hamizar; Ahmad Arif Zulfikar; E. Wityasminingsih
Business Review and Case Studies Vol. 5 No. 2 (2024): BRCS, Vol 5 No 2, August 2024
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.5.2.169

Abstract

Background: A digital-based economy is one of the pillars of economic growth and per capita income. Financial Technology (Fintech), which adapts technological change combined with the financial sector, is expected to introduce a more instant, convenient, and modern financial transaction process. Purpose: This study examined the influence of financial behavior due to Fintech Lending (Peer-to-Peer Lending/P2P), focusing on respondents who had made fintech lending loans. Design/methodology/approach: The research approach used an explanatory survey with a sample of 132 respondents from several regions of Indonesia. Data collection was conducted using an online questionnaire distributed via the GF link during the period of 2022-2023. The data were processed by testing data quality, including validity testing, reliability testing, and classic assumption testing.Findings/Result: The study showed that individuals with higher incomes tended to take out loans, with the majority using these loans for business capital, daily needs, debt payments, and consumption. Financial behavior significantly impacted fintech lending, highlighting the importance of personal financial management to minimize fintech risks, particularly those associated with online loans (P2P).Conclusion: It needs to be a government concern to carry out better financial literacy so that people understand the risks of fintech lending, in this case, online loans (P2P).Originality/value (State of the Art): Personal financial behavior becomes a main determinant in personal fintech lending management. Keywords: financial behaviour, fintech, risk, peer to peer lending, Indonesia
Co-Authors Ahmad Arif Zulfikar Apriandi, Devy Widya Arizal Hamizar Asep Solihin Audina, Revina Nita Bismantara E Wityasminigsih E. Wityasminingsih, E. Wityasminingsih Erny Wityasminingsih Estu Widarwati Hana Afifah Fauziah Holle, Mohammad. H Indra Maulana Ivan Yusriful Fajar Jashinta Efril Moeljono Mutqi Sopiawadi Nabilla Nur Rohmah Nugraha, Muhamad Mugi Nurul Hamidah Pipit Rengganis Rohmah, Nabila Nur Shinta Qurrota Aini Soni Karmila Tigin Lugiani