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THE EFFECT OF CREDIT RISK ON FINANCIAL PERFORMANCE OF CONVENTIONAL PEOPLE'S BANKS IN INDONESIA (Comparative Study between Privately Owned and Local Government Owned BPRs) Reza Surya Akdiwidjaya; Wisnu Mawardi
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 5 No. 5 (2025): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/morfai.v5i5.4354

Abstract

People's Economic Banks (BPR) have a strategic role in supporting the local economy through financial intermediation, particularly in the Micro, Small, and Medium Enterprises (MSMEs) sector. This study aims to analyze the effect of Non-Performing Loans (NPL), Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), and Firm Size on Return on Assets (ROA) in Private BPRs and Regional Government BPRs in Indonesia. The research method used is quantitative with a multiple regression approach, using secondary data from the annual financial reports of Private BPRs and Regional Government BPRs for the 2019-2024 period. Sample selection was carried out using a stratified random sampling method based on data published by the Financial Services Authority (OJK). From the total population, 92 Private BPRs and 92 Regional BPRs were obtained with a total of 1100 initial observations. Then outlier trimming was performed to increase validity, resulting in 302 observations of Private BPRs and 488 observations of Regional BPRs for analysis. Data processing was carried out using SPSS software version 26.0 The results of the study indicate that in Private BPRs, the NPL variable has a significant negative effect on ROA, CAR has a significant positive effect on ROA, LDR has a significant positive effect on ROA, while Firm Size has no significant effect on ROA. In Regional BPRs, the results show that NPL has a significant negative effect on ROA, CAR has a significant positive effect on ROA, LDR has no significant effect on ROA, while Firm Size has a significant positive effect on ROA. The coefficient of determination (Adjusted R²) is 0.209 or 20.4% for Private BPRs and for Regional BPRs it is 0.204 or 20.4%, the independent variables are able to explain variations in ROA. The implications of this study emphasize the importance of controlling non-performing loans (NPLs), strengthening capital (CAR), and effectively channeling quality credit (LDR) in improving the financial performance of rural banks (BPR). Furthermore, asset scale management (firm size) needs to be optimized, particularly in regional BPRs, to contribute more significantly to increased profitability. This study provides theoretical contributions to the banking literature on factors influencing BPR profitability and provides practical input for bank management and regulators in formulating regional banking policies.
Insights From Recent Literature on Economic Development and Empowerment in Indonesia Berliana Iffada; Fiskia Syafa’ati; Wisnu Mawardi
Arthatama: Journal of Business Management and Accounting Vol. 7 No. 1 (2023)
Publisher : LifeSciFi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54518/art.7.1.2023.466

Abstract

This paper examines the economic development challenges and opportunities in Indonesia, focusing on regional disparities, poverty alleviation, and sustainable growth. Through an analysis of various studies, it highlights the importance of addressing issues such as demographic pressures, inadequate infrastructure, financial constraints, and systemic inequalities that hinder development, especially in remote and vulnerable regions. The research emphasizes the need for targeted government intervention, infrastructure investment, and policies that promote inclusive growth and empower marginalized communities. Additionally, the paper explores the role of sustainable innovation, particularly in agriculture, fisheries, and tourism, as a means to drive inclusive economic development. The potential of the green economy and digital technologies is also discussed, with a focus on how these sectors can contribute to environmental sustainability and job creation. The study calls for comprehensive, well-designed policies that align economic development with social welfare and environmental goals, ensuring long-term prosperity for all segments of the population. Overall, the findings suggest that Indonesia’s future economic success depends on strategic efforts to integrate sustainable practices, improve infrastructure, and foster inclusive growth at both the national and local levels.
The Impact of ESG Disclosure on Firm Value: Systematic Literature Review Approach Lulu Islami Nur Afifah; Sekar Ayu Cahyaningtyas; Wisnu Mawardi
Arthatama: Journal of Business Management and Accounting Vol. 9 No. 1 (2025)
Publisher : LifeSciFi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54518/art.9.1.2025.648

Abstract

This study investigates the impact of Environmental, Social, and Governance (ESG) disclosure on firm value using a Systematic Literature Review (SLR) approach. The growing global emphasis on sustainable business practices has made ESG disclosure a key instrument in signaling corporate responsibility and long-term value creation. However, empirical findings across sectors and regions remain inconsistent. This paper synthesizes 30 reputable international articles (indexed as Q1/Q2) from 2020 to 2025 to identify prevailing patterns and gaps. The results show that many studies report a significant positive relationship between ESG disclosure and firm value. Nevertheless, only a minority of studies explore profitability as a moderating variable, and its moderating effect appears statistically insignificant. The review highlights that organizational characteristics such as firm size may play a more decisive role in enhancing the value effects of ESG disclosure. The paper contributes to sustainability literature by offering an integrated conceptual framework and suggesting future empirical directions, particularly concerning moderating variables in different institutional and industrial contexts.
Analysis of the Relationship between Environmental, Social, and Governance (ESG) and Firm Value: A Systematic Review of Empirical Evidence in Indonesia Dedi Hartono; Wisnu Mawardi; Sugeng Wahyudi
Journal of Business, Social and Technology Vol. 7 No. 2 (2026): Journal of Business, Social and Technology
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59261/jbt.v7i2.598

Abstract

Background: ESG is an essential non-financial factor that can influence firm value; however, the evidence in Indonesia shows mixed results because ESG activity measurements are not standardized, the market remains varied, and disclosure is not evenly distributed, so a generalizable conclusion is not available. Objective: This research seeks to systematically review empirical evidence on the effect of ESG on firm value by emphasizing the analysis in the Indonesian context. Methods: This work utilizes a Systematic Literature Review (SLR) in line with PRISMA guidelines. In March 2025, exhaustive searches were conducted on Scopus, ScienceDirect, and Google Scholar (limited to Scopus-indexed or peer-reviewed sources only), and tailored Boolean search combinations were used. Out of 487 identified records, 20 empirical studies on Indonesian and internationally benchmarked listed companies satisfied the inclusion criteria. Results: Among the 20 studies reviewed, 6 Indonesian studies found ESG–firm value effects to be positive, 3 negative, and 4 insignificant; heterogeneity is explained by industry sector, the life cycle stage of the firm, and the quality of ESG disclosure. International benchmark studies (n = 10) showed a positive and largely consistent impact, attributable to stronger regulatory frameworks and greater investor ESG awareness in developed and more mature emerging markets, which reduce firm-level risks. Conclusion: The impact of ESG on firm value is context-dependent, and Indonesia needs standardized disclosure, ESG assurance, and investor education to harness its positive impact on firm value.
Entrepreneurial and Firm Determinants of SME Growth through Behavior Based Financial Technology Innovation Edi Suranta Tarigan; Harjum Muharam; Wisnu Mawardi
Aptisi Transactions On Technopreneurship (ATT) Vol 8 No 3 (2026): November
Publisher : Pandawan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34306/att.v8i3.990

Abstract

This paper empirically explores the relationship between the characteristics of the business and the characteristics of the entrepreneur and the growth of the business in Small and Medium Enterprises (SMEs), with behavior-based financial technology innovation as the mediator. The theories of financial technology, the Resource Based View, and the Theory of Planned Behavior are incorporated uniquely with the theory of Behavior-Based Financial Technology Innovation for SMEs, and the significance of behavioral innovation in the development of the SMEs is shown to be substantial. A quantitative approach is used to design the research, and the Structural Equation Model is used to analyze the data with the assistance of the WarpPLS software. A total of 595 SMEs operating in the province of North Sumatra are taken as the sample, and the survey results are collected from the owners. A total of thirteen hypotheses are formed and validated to detect the direct and indirect relationship between the characteristics of the business, namely size and years, the characteristics of the entrepreneur, namely education and experience, the innovation variable, and the SMEs' growth. The results show that the ages of the firm, education, and the experience of the entrepreneur have a significant effect on the growth of the SMEs. Additionally, the variable also proves to be positively significant to the overall effect. Finally, the variable acted as the mediating agent between the size of the firm, the ages of the firm, and the experience of the entrepreneur and the overall effect, and as the non-mediating agent between the education level and the overall effect. The findings have significant implication to the use of behavioral financial technology as the SBPs' strategy to ensure behavioral and sustainable growth.
Implementasi Insinerator Sebagai Upaya Pengelolaan Sampah di Kawasan Wisata Religi Kelurahan Kadilangu Kabupaten Demak Hadi Sasana; Wisnu Mawardi; Idris Idris; Shofwan Bahar
Jurnal Pengabdian Masyarakat Bangsa Vol. 4 No. 6 (2026): Agustus
Publisher : Amirul Bangun Bangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59837/jpmba.v4i6.4880

Abstract

Kawasan wisata religi di Kelurahan Kadilangu, Kecamatan Demak, Kabupaten Demak menghadapi tantangan pengelolaan sampah akibat tingginya volume kunjungan wisatawan yang selama ini masih mengandalkan sistem pengumpulan dan pengangkutan sampah ke TPA tanpa proses pengolahan di lokasi. Pengabdian ini bertujuan untuk mengimplementasikan insinerator sederhana sebagai upaya pengelolaan sampah residu di kawasan tersebut. Metode yang digunakan meliputi observasi lapangan dan wawancara dengan Ketua RT, Ketua RW, serta tokoh masyarakat sebagai instrumen pengumpulan data untuk mengidentifikasi permasalahan, dilanjutkan dengan perancangan dan pembangunan insinerator, penyusunan buku panduan SOP pengoperasian, serta kegiatan sosialisasi dan demonstrasi kepada pemangku kepentingan kawasan. Subjek pengabdian adalah masyarakat dan pengelola Kelurahan Kadilangu. Hasil menunjukkan insinerator berhasil dibangun dengan kapasitas ruang bakar ± 0,12 m³ dan mampu mengolah sampah non-organik serta organik kering secara lebih terkendali dibandingkan pembakaran terbuka. Kegiatan sosialisasi dan demonstrasi turut menunjukkan respons positif, tercermin dari partisipasi seluruh Ketua RT dan RW. Program ini disimpulkan efektif sebagai solusi teknologi tepat guna dalam pengelolaan sampah, meskipun keberlanjutannya perlu didukung pendampingan dan evaluasi pasca program secara berkala.
Co-Authors Adistya, Renna 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 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 Sasana Hadi, Naufal Handayani, Heny Harjum Muharam Harjum Muharam Harris, Rizky Muhammad Hashifah Nabilah Hashifah Nabilah, Hashifah Hendra Fitrianto Hendratno, Roberto Heny Handayani Idris Idris 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 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 Ryan Havidhian Putra Sari, Dwi Kamilah Sasya Rahmitha Sekar Ayu Cahyaningtyas Setiyawati, Lia Sheilla Nur Rahma Shofwan Bahar 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