Claim Missing Document
Check
Articles

The Impact of the COVID-19 Pandemic on Banking Liquidity: A Case Study of Various Bank Types in Indonesia Riza, Mukaffi; Mawardi, Wisnu
Journal of Finance and Islamic Banking Vol. 7 No. 1 (2024)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/jfib.v7i1.9378

Abstract

This study aims to examine the condition of banking liquidity in Indonesia during the COVID-19 pandemic, utilizing linear regression to analyze factors influencing the liquidity of commercial banks in Indonesia from March 2020 to June 2023. The dependent variable used is the Loan Deposit Ratio (LDR), while the independent variables include Capital Adequacy Ratio (CAR), Return on Assets (ROA), Non-Performing Loans (NPL-gross), and Credit Restructuring Ratio to total Credit. The results reveal that CAR has a significant negative effect on the liquidity of Regional Development Banks (BPD), State-Owned Enterprises (BUMN), Private Banks, and Overseas Bank Branch Offices (KCBLN). Conversely, ROA has a positive and significant impact on state-owned banks but is not significant for BPD, private, and KCBLN banks. The NPL ratio does not significantly influence liquidity across all types of banks. Credit Restructuring Ratio negatively affects BPD and positively affects KCBLN, but it does not have a statistically significant effect on State-Owned and Private Banks. This research is unique as it is the first to examine commercial banks in Indonesia during the pandemic, providing valuable insights into the factors affecting bank liquidity during this period. The findings highlight the importance of maintaining adequate capital and profitability to support bank liquidity, especially during economic crises.
Analysis Quality of Financial Reporting, Free Cash Flow, Asset Tangibility, and Liquidity of Investment Efficiency with in Moderation to Debt Maturity Dinda Ayu Septiana; Harjum Muharam; Wisnu Mawardi
Diponegoro Journal of Economics Vol 9, No 1 (2020)
Publisher : Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.31487

Abstract

This study aims to analyze the role of free cash flow, asset tangibility, liquidity, and the quality of financial reporting which is moderated by debt maturity in investment efficiency. This study takes State-Owned Enterprises companies listed on the Indonesia Stock Exchange from 2011 to 2017 as a population. The purposive sampling method is used as a sampling in research. The number of companies that can meet the criteria is 17 companies. This study uses data from the company's annual financial statements listed on the Stock Exchange, which consists of total investment, free cash flow, asset tangibility, liquidity, and debt maturity. There are five hypotheses in this study, and analyzed using multiple regression with SPSS tools. The results of this study indicate that the quality of financial reporting has a positive and significant effect on investment efficiency. In addition, the quality of financial reporting moderated by debt maturity has a positive and significant effect on investment efficiency. For free cash flow, asset tangibility, and liquidity do not have an effect on investment efficiency.
Kepemilikan dan Kepemilikan Manajerial terhadap Nilai Perusahaan dengan Ukuran Perusahaan dan Leverage sebagai Variabel Kontrol (Studi Empiris pada Perusahaan yang Terdaftar dalam Index LQ-45 di BEI Periode 2014-2018) Farich Novrina Sandy; Wisnu Mawardi; Fuad Mas’ud
Diponegoro Journal of Economics Vol 9, No 2 (2020)
Publisher : Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/djoe.31540

Abstract

In a few decades, research topic on corporate governance attracts much attention from scholars in Indonesia. Different from most of previous studies, I employ attendance of board of director’s meetings, frequency of board of commisioner’s meetings, audit committee size, audit reputation, ownership concentration and manajerial concentration as the determinants in this research. The purpose of this study is to examine the effect of attendance of board of director’s meetings, attendance of board of commisioner’s meetings, audit committee size, audit reputation, ownership concentration and manajerial concentration on firm performance. Sample of this research covers 30 firms listed on Index LQ-45 in Indonesia Stock Exchange period 2014 until 2018. The analysis method used is multiple regression with 150 observations data panel. Firm performance is measured with Tobin’s Q and controlling for firm size and leverage. The results show that attendance of board of director’s meetings, attendance of board of commisioner’s meetings, audit committee size, and manajerial concentration has negative and not significant effect on firm performance. However, the result show that audit reputation and ownership concentration has positive and significant effect on firm performance.
Analisis Kepemilikan Pemerintah, Koneksi Politik dan Kepemilikan Institusional terhadap Kebijakan Pembayaran Dividen (Studi Pada Perusahaan Non Keuangan Yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2016-2020) Pavita Bayu Permata Putri; Wisnu Mawardi
Jurnal Akuntansi dan Pajak Vol 23, No 2 (2023): JAP : Vol. 23, No. 2, Agustus 2022 - Januari 2023
Publisher : ITB AAS INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jap.v23i2.6466

Abstract

Penelitian ini disusun dengan tujuan untuk menguji pengaruh kepemilikan pemerintah, koneksi politik dan kepemilikan institusional terhadap kebijakan pembayaran dividen. Variabel independen yang digunakan dalam penelitian ini yaitu koneksi politik, kepemilikan pemerintah, dan kepemilikan institusional. Variabel kontrol yaitu size dan profitabilitas. Variabel dependen yang digunakan dalam penelitian ini yaitu kebijakan pembayaran dividen yang diukur dengan dividend payout ratio (DPR). Populasi dari penelitian ini adalah perusahaan non keuangan yang membagi dividen secara kontinyu periode tahun 2016-2020, sampel ditentukan dengan metode purposive sampling dengan jumlah sampel sebanyak 79 perusahan, sehingga total riset yang diteliti dalam penelitian ini sebanyak 395 riset. Penelitian ini menggunakan data sekunder yaitu laporan keuangan perusahaan, kemudian data tersebut dianalisis dengan analisis regresi berganda yang diolah menggunakan SPSS 26. Dari hasil penelitian ditemukan bahwa kepemilikan pemerintah dan kepemilikan institusional berpengaruh positif signifikan terhadap kebijakan pembayaran dividen, sedangkan koneksi politik berpengaruh negatif signifikan terhadap kebijakan pembayaran dividen. Pengaruh variabel kontrol (Size dan Profitabilitas) berpengaruh positif signifikan terhadap kebijakan pembayaran dividen.
ANALISIS PENGARUH LAPORAN KEUANGAN DAN FLEKSIBILITAS KAS TERHADAP PENGELUARAN INVESTASI DENGAN STRUKTUR KEPEMILIKAN SEBAGAI VARIABEL MODERASI (Studi Komparasi Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Sebelum Dan Pada Masa Covid-19) Nina Kusumi Ningrum; Wisnu Mawardi
Jurnal Akuntansi dan Pajak Vol 23, No 2 (2023): JAP : Vol. 23, No. 2, Agustus 2022 - Januari 2023
Publisher : ITB AAS INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jap.v23i2.6481

Abstract

The pandemic created a supply shock and negatively affected the global economy. In addition to tourism, another sector affected by the Covid-19 pandemic is manufacturing where there has been a decline in performance since the outbreak of the Covid-19 pandemic. This study aims to determine the effect of financial statements and cash flexibility on investment expenditures, as well as to determine the role of ownership structures in financial statements on investment expenditures in manufacturing companies in Indonesia. This type of research is descriptive qualitative research. The sample used in this study has certain criteria, namely manufacturing companies listed on the Indonesia Stock Exchange that have announced their financial statements in 2019 and 2020. In interpreting the results of the study, researchers analyzed the data with two analyses, namely Descriptive Statistics and Multiple Regression Analysis, namely Moderated Regression Analysis. From thecalculations, it can be seen that financial statements have a positive effect on investment expenditures, furthermore, it can be seen that cash flexibility has a positive effect on investment expenditures, and the results of calculating the moderation of the significance of the interaction of ownership structures with financial statements can be seen that the ownership structure does not moderate the influence of financial statements on investment expenditures. Financial statements have a positive effect on investment expenditures. Cash flexibility has a positive effect on investment expenditures. The ownership structure does not moderate the effect of financial statements on investment expenditures, with the type relating to crititerion and not interacting with predictors so that its role is more appropriate as an intervening. Further research suggestions use other coding variables such as inflation or SBI rate, as well as using companies with the same business family.
PENGARUH GOOD CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN (Studi Empiris Perusahaan Perbankan Asia Tenggara tahun 2016 – 2020) Laila Murningsih Novrian Wakhidah; Wisnu Mawardi
Jurnal Akuntansi dan Pajak Vol 23, No 2 (2023): JAP : Vol. 23, No. 2, Agustus 2022 - Januari 2023
Publisher : ITB AAS INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jap.v23i2.6467

Abstract

penelitian ini bertujuan untuk mengetahui pengaruh Good Corporate Governance terhadap kinerja keuangan. Good Corporate Governance diProxy oleh Komite audit, duality Ceo, dewan direksi, dewan komisaris serta kinerja keuangan di proxy oleh Return On Aset (ROA). Peneitian ini mengunakan pendekatan kuantitatif yang diolah menggunakan SPSS versi 26. Populasi dari penelitian ini adalah perusahaan perbankan yang terdaftar di Asia Tenggara tahun 2016-2020, sampel ditentukan dengan metode purpose sampling dengan jumlah sampel sebanyak 92 perusahan perbankan Asia Tenggara, sehingga total riset yang diteliti dalam penelitian ini sebanyak 460 riset. Data yang digunakan dalam penelitian ini adalah data sekunder, teknik pengumpulan data menggunakan dokumentasi melalui situs resmi Boombleg FEB UNDIP asia tenggara dengan menggunakan uji Analisis Statistik, Statistik Deskriptif dengan pengujian hipotesis menggunakan uji t, uji f dan koefisien determinasi. Hasil penelitian ini membuktikan bahwa: 1) komite audit berpengaruh positif terhadap Return on asset, 2) duality CEO berpengaruh potsitif terhadap return on asset, 3) dewan direksi berpengaruh positif terhadap return on asset, 4) dewan komisaris berpengaruh positif terhadap return on asset.
Digital Technology on Financial Inclusion and Economic Justice in Indonesia Chotrianda, Nadhia Fortuna; Setiawan, Doni; Mawardi, Wisnu
Research Horizon Vol. 4 No. 6 (2024): Research Horizon - December 2024 (Thematic Issue)
Publisher : LifeSciFi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54518/rh.4.6.2024.411

Abstract

The digital revolution in financial services has significantly changed the landscape of financial inclusion. Financial inclusion and economic justice remain a major challenge for the poor and vulnerable, especially in developing countries like Indonesia. Digital technology is developing as a promising alternative for increasing access to services of formal financial, reducing economic inequalities, and improving people’s well-being. This study investigates the function of digital technologies in fostering financial inclusion and economic justice across the social strata in Indonesia. The findings show that digital technology has enhanced access financial services, reduced inequality and opened new economic opportunities for communities. However, there are challenges in ensuring equal access to digital financial services, including literacy barriers, infrastructure gaps, and security concerns. By evaluating government initiative and private sector engagement in promoting financial inclusion, this study highlights the critical role of digital tools in advancing economic justice. The research contributes by providing policy recommendations to improve access to digital technologies, expand financial inclusion, and support more equitable and sustainable economic growth.
Indonesia's Empowered Economy Transition: A Path to Sustainable Prosperity Iffada, Berliana; Syafa’ati, Fiskia; Mawardi, Wisnu
Research Horizon Vol. 4 No. 6 (2024): Research Horizon - December 2024 (Thematic Issue)
Publisher : LifeSciFi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54518/rh.4.6.2024.426

Abstract

Indonesia's pursuit of an empowered economy aligns with its broader goal of achieving sustainable prosperity. This transition necessitates a comprehensive approach that integrates economic, environmental, and social dimensions. A key component of this strategy is the empowerment of Indonesian citizens, particularly those in the traditional sector, to drive economic growth and reduce poverty. This study aims to provide a comprehensive overview of current research related to economic empowerment for sustainable welfare in Indonesia. The method used in this research is Systematic Literature Review, referring to various literatures published between 2015 to 2024. The results of this study show that by implementing structural reforms, optimizing natural resource management, and strengthening the industrial sector, Indonesia can build a resilient and inclusive economy. Moreover, investing in renewable energy, developing sustainable infrastructure, and fostering community empowerment are essential for realizing a sustainable future. Through a concerted effort by the government, private sector, and civil society, Indonesia can position itself as a global leader in realizing sustainable economic empowerment and prosperity.
Fintech and Financial Inclusion: Evidence from Emerging Markets Ramadhan, Aryasatia; Vidianto, Muhammad Afiq; Muharam, Harjum; Mawardi, Wisnu
Research Horizon Vol. 5 No. 3 (2025): Research Horizon - June 2025
Publisher : LifeSciFi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54518/rh.5.3.2025.598

Abstract

This study examines the developing relationship between financial technology (fintech) and financial inclusion in emerging economies. The financial sector has undergone rapid transformation due to fintech, which offers cutting-edge digital solutions that extend financial services to previously unbanked or underserved communities. By systematically reviewing relevant literature, this study underscores the positive impact of fintech in reducing barriers to financial access, reducing transaction costs, and improving the availability of credit, payments, and savings tools in emerging economies. Fintech also plays a significant role in empowering marginalized groups, supporting micro-entrepreneurs, and fostering digital financial ecosystems. Although progress has been made, inclusive growth is still hindered by several obstacles, including fragmented regulatory frameworks, limited digital infrastructure, cybersecurity threats, and a general lack of financial literacy. The findings offer significant insights for policymakers, financial institutions, and technological developers aiming to utilize fintech to enhance long-term financial inclusion. This research adds to the expanding literature by situating fintech’s role in inclusive finance within the distinct economic and institutional frameworks of emerging markets, while also highlighting key areas for further study and policy action.
Determinants of the Stock Price Volatility In the Indonesian Manufacturing Sector Handayani, Heny; Muharam, Harjum; Mawardi, Wisnu; Robiyanto, Robiyanto
International Research Journal of Business Studies Vol. 11 No. 3 (2018): December 2018 - March 2019
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.11.3.179-193

Abstract

This study aimed to analyze the influence of return on equity, debt to equity ratio, sales growth, firm size, cash ratio, and dividend payout ratio to stock price volatility companies listed on the Indonesia Stock Exchange in the period 2011-2015. The populations of this study are all manufacturing companies listed in Indonesia Stock Exchange (IDX) in the period 2011 to 2015. It obtained eight companies samples with technique purposive sampling method. The data analysis technique used is the regression model panel then be adjusted again by using GARCH (Generalized Autoregressive Conditional Heteroscedasticity). The results showed that the volatility of the stock price only affect without any effect ARCH-GARCH therein. Determining the best models of each prediction is based on estimated volatility GARCH (p, q). The determination of whether there is influence of the factors believed to be the determinants of stock price volatility was done by using panel data regression analysis. The results of panel data regression analysis showed that the company’s stock price volatility in the research samples can be explained by 4.84% by ROE, CR, DER, DPR, company size and sales growth while the remaining 95.16% explained by other variables outside the research. Only sales growth has significant positive effect on stock price volatility.
Co-Authors Adistya, Renna Alamaint, Saezar Andri Aji Saputra Andriza Bintang Pramudya Anisqe Adita Annya Helda Ayuningtyas Ardiansyah, Rizki Arindra Karunia Rahmadhani, Arindra Karunia Asriyani, Rahma Asti Mardiana Putri, Asti Mardiana Astuti, Fitria Yuni Asyazilal, Abieta Berliana Iffada Cahyana, Muhammad Aziz Catur Karyanto Pilih Chotrianda, Nadhia Fortuna Danes Quirira Octavio Dea Adielyani Dedi Hartono Diah Meani R.M.D Dinda Ayu Septiana Doni Setiawan Dul Muid Edi Suranta Tarigan Edi Suranta Tarigan Eliezer Yudha Nattan Fahmi Hasan, Fahmi Farhanditya, Ferdiansyah Djody Farich Novrina Sandy Fiskia Syafa’ati Fitri Andriani, Lia Foza Hadyu Hasanatina, Foza Hadyu Fuad Mas’ud Glady Precillia Arindi, Glady Precillia Hadi, Naufal Handayani, Heny Harjum Muharam Harjum Muharam Harris, Rizky Muhammad Hashifah Nabilah Hashifah Nabilah, Hashifah Hendra Fitrianto Hendratno, Roberto Heny Handayani Iffada, Berliana Iga Bagus Jaya Wardhana, Iga Bagus Jaya Indra Kurnia Irene Rini Demi Pangestuti Jenna Tania Kurniawan, Noval Kustopo Budiraharjo Laila Murningsih Novrian Wakhidah Lulu Islami Nur Afifah Makusara, Kumaralalita Mansur Mansur Miyasto Miyasto Mochammad Ardani Muhajir, Atok Muhammad Aziz Cahyana Muhammad Azmi Fauzan, Muhammad Azmi Nina Kusumi Ningrum Nugroho, Leonardus Jayadi Pangestika, Devi Wahyu Pavita Bayu Permata Putri Pradhipta, Rama Dwika Prasetyo, Ivan Pratama, Anaszaki Purbayu Budi Santosa Putra, Ardhilo Putranto, Andre Novia Rachmawati, Windasari Rahmitha, Sasya Ramadhan, Aryasatia Rayhan, Raditya Valeri Aurelia Retno Hidayati Reza Surya Akdiwidjaya Riza, Mukaffi Rizky Utami, Anindya Rizqi Amalia Yasinta Putri Robiyanto Robiyanto Robiyanto, Robiyanto Robiyanto, Robiyanto Ryan Havidhian Putra Sari, Dwi Kamilah Sasya Rahmitha Sekar Ayu Cahyaningtyas Setiyawati, Lia Sheilla Nur Rahma SUGENG WAHYUDI Sugeng Wahyudi, Sugeng Syafa’ati, Fiskia Tarigan, Edi Suranta Thoriq, Ezar Aufa Tiari Aprisilya, Tiari Titi Indah Susilowati Vidianto, Muhammad Afiq Wafdayanti, Haasya Widiastuti, Cahyaning Ajeng Yurivin, Nerissa Zakiah Zakiah