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Sustainable Performance Model and Strategy: A Conceptual Framework Arifin, Firmansyah; Wiryono, Sudarso Kaderi; Damayanti, Sylviana Maya; Yudoko, Gatot
International Journal of Entrepreneurship and Sustainability Studies Vol. 3 No. 2 (2023): December 2023
Publisher : Research Synergy Foundation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/ijeass.v3i2.1904

Abstract

This study is driven by the conditions of the energy sector, particularly the "oil field service industry" which serves as the main pillar of this sector. The significant oil price drop and the need for cost-cutting among oil and gas producers shows the vulnerabilities in this sector, necessitating improvement. Generally, industries that support key commodities must exhibit strong operational performance that intricately intertwines with the corporate strategy, mitigating potential obstacles, challenges, and business risks in order to achieve sustainable performance. Thus, this research aims to investigate how to develop a sustainable performance model for the industry in helping the industries the current and future business challenges. A systematic literature review was undertaken, encompassing prior studies on sustainable business, performance, and risk management strategies. This study investigates the dynamic interaction between three primary constructs: (1) context-business sustainability, (2) content-performance management, and (3) process-strategy formulation. Finally, gaps in the existing literature were identified and several future research directions were proposed.
The Role of Financial Ratios on Optimizing Company Performance At PT Angkasa Pura Retail Umam, Fakhru; Maya Damayanti, Sylviana
Journal of Economics and Business UBS Vol. 12 No. 2 (2023): Regular Issue
Publisher : Cv. Syntax Corporation Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/joeb.v12i2.137

Abstract

In the midst of a situation that is increasingly full of uncertainties, both caused by external conditions such as the global economic crisis, and the covid 19 pandemic and internal conditions such as declining financial performance and HR productivity, organizational responsiveness is needed to anticipate any changes by adapting to the business environment. changes that have the potential to create opportunities and risks for the organization, so it is important for the organization to carry out risk management. This study analyzes corporate risk, innovation capability, leverage, liquidity, and growth on company performance. Data collection is done by recording every data needed in the company's annual report. The data used is a performance report of PT. Angkasa Pura Retail which has been registered and published from 2020 to 2022. The independent variables in this study are corporate risk, innovation capability¸ leverage, liquidity, and growth and the dependent variable in this study is company performance. This study uses a quantitative approach with an explanatory or causal design. The data analysis used in this study is multiple regression with the help of the EViews 10 program. The results show that corporate risk significantly negatively affects company performance. Innovation capability, liquidity, and growth have a significant positive impact on company performance. However, leverage has no impact on company performance.
The Impact of Debt Strucutre, Operational Capability, Liquidity, Profitability, and Capital Structure Toward Financial Risk (Case Research : PT. Gapura Angkasa) Indra Wibiksana, Bayu; Maya Damayanti, Sylviana
Journal of Economics and Business UBS Vol. 12 No. 1 (2023): Regular Issue
Publisher : Cv. Syntax Corporation Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52644/joeb.v12i1.140

Abstract

In order to finance its operations and investment activities, one of PT. Gapura Angkasa's funding sources is debt, a kind of external funding for the company. Debt policy in a company is very important to be evaluated and analyzed properly because many companies will experience success with accuracy in making debt decisions. Debt policy can have an impact on optimizing the use of funds in the company. A company's financial troubles and likelihood of filing for bankruptcy may be impacted by its level of debt. The objective of research is for investigate the impact of debt structure, operational capability, liquidity, profitability, and capital structure on financial risk. This research utilizes secondary data sources in the form of financial reports from companies. The data utilized is PT. Gapura Angkasa's financial report data from 2017 to 2021. In this research, the independent factors include debt structure, operational capability, liquidity, profitability, and capital structure, whereas the dependent variable is financial risk. This research employs multiple regression with the aid of the SPSS application for its data analysis. Accordingly to the findings of the research, debt structure got a negative impact on financial risk. Similarly, operational competency negatively impacts financial risk. However, neither liquidity nor profitability nor capital structure had any impact on financial risk. The debt structure should be a concern for PT. Gapura Angkasa's management in order to retain the usage of debt while ensuring that the company's debt is not excessive and that its working capital continues to grow.
Dissecting Market and Business Responses of LQ45 Stocks amidst Crisis: An Event Study of COVID-19 Policies with A Mixed-Method Approach Pratama, Aditya Firza; Sumirat, Erman Arif; Damayanti, Sylviana Maya
Amkop Management Accounting Review (AMAR) Vol. 5 No. 2 (2025): July - December
Publisher : Sekolah Tinggi Ilmu Ekonomi Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/amar.v5i2.2828

Abstract

This study examines how LQ45 companies in Indonesia's capital market responded to government interventions during the COVID-19 crisis, with a focus on the implementation of Large-Scale Social Restrictions (PSBB) and the transition to the New Normal. Employing a mixed-method approach, the study combines event study analysis to examine market reactions and qualitative interviews to explore the internal corporate strategies behind the anomalies of issuers' stock performance. The findings reveal that market resilience and rebound are closely intertwined with macro-policy timing and simultaneously with the internal agility of firms, particularly in managing financial flexibility, operational adaptability, and strategic communication. Quantitative results from an event study reveal significant differences in several indicators regarding before-and-after policy events. At the same time, qualitative insights highlight how firms leveraged crisis moments to adapt and innovate, such as accelerating digital transformation, reinforcing leadership credibility, and institutionalizing organizational learning. Hence, this study contributes to both academic discourse and practical applications by identifying how internal managerial responses shape market dynamics during systemic uncertainty.
Financial Performance Evaluation for PT XYZ’s Subcontractor Selection for PIT X Mining Project at PT VWX Rico Wanardijaya; Erman Arif Sumirat; Sylviana Maya Damayanti
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 3 (2025): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.8115

Abstract

This study is conducted to support PT XYZ in identifying the most financially sound subcontractor for executing the PIT X mining project, commissioned by PT VWX. Given PT XYZ’s limited working capital, the company plans to delegate the project to one of several publicly listed subcontractors. To make an informed decision, a comprehensive assessment of financial performance is essential to ensure the selected firm can handle both the operational and financial demands of the project.The research utilizes financial ratio analysis focused on four primary dimensions: liquidity, activity, solvency, and profitability. Key indicators such as the current ratio, quick ratio, total asset turnover, debt ratio, interest coverage, net profit margin, return on assets, and return on equity are applied to evaluate three shortlisted subcontractors: PT Darma Henwa Tbk (DEWA), PT Delta Dunia Makmur Tbk (DOID), and PT Petrosea Tbk (PTRO). The Weighted Scoring Method (WSM) is used to assign importance to each ratio based on strategic value, resulting in a composite score that reflects each company’s overall financial condition.The findings indicate that PT Petrosea (PTRO) secures the highest weighted score, suggesting it possesses superior financial stability and operational effectiveness compared to the others. PTRO shows consistent strength in asset management, solvency, and profitability, making it the top candidate for subcontracting the PIT X project. This study presents a structured, evidence-based model for evaluating subcontractors, which can be extended to vendor selection practices in other capital-intensive sectors.
The impact of construction management patterns on housing quality in housing residences Muhammad Yusuf Ali; Sylviana Maya Damayanti; Mulya Amri
Jurnal Ilmiah Manajemen dan Bisnis Vol 12, No 1 (2026): Jurnal Ilmiah Manajemen dan Bisnis
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jimb.v12i1.37944

Abstract

This study examines how construction management patterns, self-performance versus subcontracting, and Project Manager (PM) leadership relate directly to housing quality in a residential project. Using a case study of the Vila Rizki Insani development (IDR 3,800,000/m²), a mixed-method approach integrated unit-level complaint records during a 90-day retention window, pre-handover homecare checklists for ready-stock units, project documents, and semi-structured interviews with PMs, foremen, and estate staff. Quantitative analysis compared the outcomes across two contractors: a self-performing contractor delivering 297 units and a subcontracting contractor delivering 106 units. Self-performing output showed lower normalized complaint rates (minor 2.36%, moderate 2.36%) but included a small incidence of serious defects (0.34%), whereas subcontracting showed a higher minor-complaint rate (8.4%), lower moderate complaints (1.88%), and no serious cases recorded during retention period. Qualitative findings indicate that contracting schemes structure accountability and inspection routines, shaping the PM’s practical leverage over workmanship; transactional control is easier to operationalize under self-performing teams, whereas fragmented trade packages in subcontracting increase interface gaps and finishing rework risk. Overall, contracting schemes and workforce capacity emerged as primary drivers of quality consistency under tight pricing, with complaint response speed influencing perceived quality. The study recommends aligning work packages with supervision capacity and formalizing inspection and post-sales response routines.
Peningkatan Literasi Digital dan Literasi Keuangan Digital melalui Aplikasi Pencatatan laporan Keuangan Digital: SMART untuk UMKM Anak Berkebutuhan Khusus di Rancaekek, Kabupaten Bandung, Jawa Barat Sylviana Maya Damayanti; Arry Akhmad Arman; Arinda Mentari Putri; Octaviani Ratna Sari Santoso
Jurnal Abdimas Mahakam Vol. 10 No. 01 (2026): Januari
Publisher : Lembaga Penelitian dan Pengabdian Masyarakat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24903/jam.v10i01.3882

Abstract

Kegiatan pengabdian kepada masyarakat ini bertujuan memberdayakan UMKM yang beranggotakan ABK, yaitu kelompok keluarga dengan Anak Berkebutuhan Khusus (ABK). Berdasarkan hasil analisis kondisi awal, kelompok UMKM ini memiliki potensi ekonomi melalui usaha mikro berbasis produk, namun masih menghadapi kendala utama berupa minimnya pencatatan keuangan dan lemahnya kapasitas pemasaran digital. Untuk menjawab tantangan tersebut, kegiatan pengabdian kepada masyarakat ini dirancang dengan dua tujuan utama. Pertama, mengembangkan aplikasi pencatatan keuangan sederhana dan mudah digunakan oleh UMKM ABK bernama SMART guna meningkatkan kemampuan mereka dalam memonitor arus kas, mencatat transaksi, dan memahami kondisi keuangan usaha. Kedua, memberikan pelatihan pemasaran dan marketing digital agar UMKM ABK mampu mempromosikan produk secara lebih efektif, memanfaatkan media sosial, serta meningkatkan jangkauan pasar. Kegiatan pengabdian dilakukan di Kampung Rancakihiang, RT 01/RW 10 Desa Bojongloa, Kecamatan Rancaekek, Jawa Barat, Indonesia dengan dihadiri oleh 29 peserta. Metode yang digunakan adalah penelitian action research dan workshop dimana para peserta mendapatkan pelatihan dan tutorial dalam penggunaan aplikasi SMART untuk pencatatan laporan keuangan secara digital. Integrasi aplikasi keuangan dan pelatihan pemasaran ini diharapkan dapat meningkatkan kapasitas digital dan kemandirian ekonomi UMKM ABK secara berkelanjutan. Penyebaran penggunaan SMART kepada banyak UMKM baik ABK ataupun tidak dapat menjadi keberlanjutan dari kegiatan pengabdian ini.
Assessing The Viability of Strategic Expansion: A Case Study on Opening A New Mcg Coffee Branch Nadhila Dzikrina Yusuf; Sylviana Maya Damayanti
Journal of Social Research Vol. 4 No. 7 (2025): Journal of Social Research
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/josr.v4i7.2577

Abstract

This study evaluates the financial feasibility of expanding MCG Coffee by opening a new branch in Tebet, Jakarta. Using a mixed-methods approach, the research combines qualitative strategic analysis—including SWOT and Porter’s Five Forces—with quantitative financial modeling tools such as Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period (PP). Data collection involved both primary sources (surveys and interviews) and secondary sources (financial records and industry benchmarks). The findings reveal that the proposed expansion is financially viable, with a positive NPV of Rp 145,349,219, an IRR of 25%, and a payback period of 4 years and 7 months. Sensitivity analysis indicates that revenue fluctuations have the highest impact on investment outcomes. The study also presents a detailed implementation roadmap to guide the setup of the new branch, emphasizing community engagement and diversified revenue streams. These results provide actionable insights for SME coffee shop owners seeking sustainable growth through strategic expansion.
Business Strategy of Renewable Energy Project to Enhance Revenue in Business Transition Theodorus Tio Wibowo; Sylviana Maya Damayanti; Uke Marius Siahaan
Eduvest - Journal of Universal Studies Vol. 6 No. 3 (2026): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v6i3.52357

Abstract

This research is motivated by the increasing urgency of the global energy transition to reduce carbon emissions and expand the use of renewable energy sources. Indonesia’s energy sector is still heavily dominated by fossil fuels, particularly coal, which contributes more than 60% of the country’s electricity generation. This condition highlights the need for business strategies that can support the development of renewable energy while maintaining sustainable corporate revenue during the transition process. Solar energy through Solar Photovoltaic (PV) technology has emerged as a promising alternative due to its rapidly declining technology costs and relatively faster project implementation compared to other renewable energy sources. This study aims to analyze the economic feasibility and business strategies of Solar PV projects in enhancing company revenue during the energy transition, particularly through Engineering, Procurement, and Construction (EPC) and Build-Own-Operate-Transfer (BOOT) project schemes. The research employs a quantitative approach using financial feasibility analysis methods, including Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period (PBP). The analysis is further supported by sensitivity analysis and the US Index framework to evaluate the most appropriate financing structure. The results show that the Solar PV project in West Java is financially feasible, with an IRR of 20%, which is higher than the Weighted Average Cost of Capital (WACC) of 7.38%, and a payback period of approximately 4–5 years. Furthermore, financing through international bank loans provides the most optimal financial performance, generating the highest NPV and the lowest cost of capital. 
Strategic Expansion in the Construction Business: A Financial Feasibility Study of a New Fabrication Workshop Muhaimin Hasbi; Sylviana Maya Damayanti
Journal Research of Social Science, Economics, and Management Vol. 5 No. 12 (2026): Journal Research of Social Science, Economics, and Management
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jrssem.v5i12.1540

Abstract

This study evaluates the financial feasibility of establishing a steel fabrication workshop for ZAN Construction, a design-and-build contractor in Bandung, and compares two candidate locations: Bekasi City and West Bandung Regency. The research addressed the firm’s dependence on third-party fabrication, which previously caused an estimated opportunity loss of IDR 793 million in a single bridge project. Using a single embedded case design, the study combines quantitative capital budgeting with qualitative strategic analysis. The quantitative model projects a ten-year investment for a workshop with an annual capacity of 1,200 tons, financed equally by debt and equity. The discount rate is calculated through CAPM and adjusted using the firm’s capital structure, producing a Weighted Average Cost of Capital of approximately 11.5%. Financial feasibility is assessed using Net Present Value, Internal Rate of Return, Profitability Index, and Payback Period.The results show that both locations are financially feasible. Bekasi City generates an NPV of approximately IDR 30.1 billion, an IRR of 25.9%, a PI of 2.04, and a discounted payback period of 5.8 years. West Bandung Regency performs better, with an NPV of IDR 33.6 billion, an IRR of 31.8%, a PI of 2.52, and a discounted payback period of 4.7 years. The stronger performance of West Bandung Regency is mainly driven by lower land and labor costs, while both locations use the same revenue and utilization assumptions. Sensitivity analysis identifies raw steel price as the most critical variable, followed by production volume and labor cost.
Co-Authors Aaron Kevin Sammy Tatengkeng Adrian Satrioutomo Afan Wahyu Syafii Arinda Mentari Putri Arry Akhmad Arman Arry Akhmad Arman Astari, Yen Syifa Aulia Rinald Muhammad, Aulia Rinald Barelvi Ghazy Daffa Bayu Indra Wibiksana Bo, Liu Danial David Anwar Dini Lestari Dini Lestari, Dini Dwiarso, Adhi Priyo Edward Veldman Erman Arif Sumirat Erman Arif Sumirat Erman Sumirat Fahmmy Herdiansyah Heryadi Fakhru Umam Firmansyah Arifin, Firmansyah Gatot Yudoko Gerry Julian Agusty, Gerry Julian Gina Dwi Jayanthi, Gina Dwi Handayani, Fanty Haris Santoso Herlien Dwiarti Soemari Hidavat, Agustini Hidayat Ihsan Abditama, Hidayat Ihsan Indra Wibiksana, Bayu Irma Damajanti Isrochmani Murtaqi Isrochmani Murtaqi Jagat Prirayani Jagat Prirayani Jane Julia Mulyono Jonathan, Filbert Jota, Astrid Laregan Karenina, Melita Jenar Kevin Hanafi Kinsenary Tjendrasa Lubis, Khayruna Maryadi, Martya Putri Mico Suryo Atmahadi Muhaimin Hasbi Muhammad Yusuf Ali Mulya Amri Mulyono, Jane Julia Nadhila Dzikrina Yusuf Nugraha Yanureza Raeputranto Nugroho, Edwin Adi Octaviani Ratna Sari Santoso Oeshya Lubis, Rizki Padmodipoero, Faya Daffani Awinatama Pratama, Aditya Firza Purwaningrum, Rr Diah Asih Putranto Wicaksono, Adhi Putri, Arinda Mentari Putri, Gaitsa Farah Zahira Ralang Argi Barus Richlah Nia Rico Wanardijaya Rifqi, Audi Rizaldi Zakarias Rizky Andri Ulaan, Aldi Rohmat Agung Sholehuddin, Rohmat Agung Rupiani, Dewi Salsabilla, Zahra Samsu Wibowo, Putri Maharani Santoso, Octaviani Ratna Sari Saraya, Getha Senator Kramadibrata, Senator Siahaan, Uke Marius Subiakto Soekarno Subiakto Soekarno Sudarso Kaderi Wiryono Sumirat, Erman Arif Syaputra, Arifa Rizki Theodorus Tio Wibowo Tinton S, Bonifacius Perdana Turas Hari Mukti, Turas Hari Uke Marius Siahaan Umam, Fakhru Vinsensius Willson Limantoro Wicaksana, Pramudya Wikaningtyas, Pratiwi Yudha Nugraha Wibisana, Yudha Nugraha Yudi Abdillah Sobrizal Yunika Adiyono Zico Andrea Aripratama