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Evaluasi Akurasi Model Bankometer dalam Memprediksi Financial Distress BPR yang Dicabut Izin Usahanya oleh OJK Siti Atika Azzahrah; Tri Joko Prasetyo
Journal of Economics, Management, and Accounting Vol 1 No 1 (2025): July: Scripta Economica: Journal of Economics, Management, and Accounting
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/8hm8z625

Abstract

This study aims to evaluate the accuracy of the Bankometer model in predicting financial distress in 22 rural banks (BPR) and rural bank cooperatives (BPRS) whose business licenses were revoked by the Financial Services Authority (OJK) during the period 2022–2024. The background of this study stems from the increasing number of failed rural banks, which indicates that the conventional ratio-based supervisory approach has not been fully effective in detecting early signs of performance decline. The method used is quantitative descriptive analysis using quarterly financial reports as secondary data and applying the Bankometer S-score calculation to classify the level of bank health. The results show that one year before the revocation of licenses, only a small portion of BPRs were in the distress category, while more than half were classified as very healthy. Two years earlier, the entire sample was even in the super sound category, so the model was unable to provide early signals of deteriorating efficiency and asset quality. These findings indicate that Bankometer is less sensitive to the operational dynamics of rural banks. This study concludes that the model needs to be revised to be more adaptive to the characteristics of microbanking risk
Does the Indonesian Capital Market React to Christmas and New Year Holidays? Evidence from LQ45 Companies (2021–2024) Halida Khairiyah; Tri Joko Prasetyo; Niken Kusumawardani
Akuntansi dan Ekonomi Pajak: Perspektif Global Vol. 2 No. 4 (2025): Akuntansi dan Ekonomi Pajak: Perspektif Global (AEPPG)
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/aeppg.v2i4.1754

Abstract

This study examines the stock market reaction to the Christmas and New Year holidays by analyzing abnormal return and trading volume activity for companies consistently listed in the LQ45 Index during 2021–2023. Using a quantitative causal approach and an event study design, the research observes market behavior within a 10 day estimation window and a 10 8day event window surrounding the holiday period. The findings show that abnormal return exhibits limited but notable reactions, with a significant decline observed before the holiday, indicating that investors tend to reduce risk exposure prior to market closure. After the holiday, significant movements still appear, but they remain negative, suggesting that investor activity and confidence have not fully recovered. In contrast, trading volume activity does not show significant differences either before or after the holiday, implying that changes in prices are influenced more by sentiment and price adjustments rather than shifts in trading intensity. These results indicate that the Indonesian capital market demonstrates characteristics of a semi-strong form efficiency, where public information such as national holidays is largely anticipated and absorbed by the market.
The Effect of Environmental Performance and Environmental Disclosure on Market Performance: Financial Performance as a Moderating Variable Saputra, Febi; Prasetyo, Tri Joko; Alvia, Liza
Jurnal Economic Resource Vol. 8 No. 1 (2025): March-August
Publisher : Fakultas Ekonomi & Bisnis Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/jer.v8i1.1264

Abstract

This study investigates the effect of environmental performance and environmental disclosure on market performance, with financial performance as a moderating variable. The research is motivated by the growing emphasis on sustainable practices and the market's increasing attention to Environmental, Social, and Governance (ESG) metrics. A quantitative method using explanatory research was applied, with data collected from 34 companies listed in the SRI-KEHATI, ESG, and LQ45 Low Carbon indices on the Indonesia Stock Exchange from 2014–2023. Environmental performance was measured using PROPER ratings, environmental disclosure through the GRI-based CSR Disclosure Index, and market performance via Cumulative Abnormal Return (CAR). Return on Equity (ROE) was used as the moderating variable. The results indicate that neither environmental performance nor disclosure has a statistically significant direct effect on market performance. However, financial performance was found to significantly moderate the relationship between environmental performance and market performance, suggesting that companies with higher ROE can better leverage environmental initiatives to influence investor perceptions. In contrast, financial performance did not moderate the effect of environmental disclosure on market performance, implying that investors may respond more directly to environmental transparency rather than being influenced by financial condition. The findings support signaling and legitimacy theories while highlighting the need for more detailed environmental disclosures. Limitations include the narrow sample and inconsistencies in disclosure timing. Future research should consider larger samples, external market factors, and alternative performance indicators to further explore the nexus between sustainability and financial outcomes.
PELATIHAN PEMBUATAN SPRAY ANTI NYAMUK DARI SERAI SEBAGAI SOLUSI ALAMI PENCEGAH PENYAKIT DEMAM BERDARAH DENGUE (DBD) Dwi Widya Wati; Apief Miftahul Huda; Gusektiono; Nur Muslima Dwi Yantika; Kayla Amanda; Muhammad Chandra Gunawan; Malva Axela; Aryan Danil Mirza. BR; Tri Joko Prasetyo
JPM (Jurnal Pengabdian Masyarakat) Ruwa Jurai Vol. 10 No. 2 (2025): JURNAL PENGABDIAN MASYARAKAT RUWA JURAI
Publisher : FK Unila

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/jpmrj.v10i2.3488

Abstract

Kasus Demam Berdarah Dengue (DBD) masih menjadi permasalahan kesehatan yang signifikan, terutama pada musim hujan, penggunaan obat nyamuk berbahan kimia dan metode fogging sering menjadi pilihan utama masyarakat, meskipun memiliki dampak negatif terhadap kesehatan dan lingkungan. Serai (Cymbopogon citratus) merupakan tanaman yang memiliki potensi sebagai bahan alami pengusir nyamuk karena kandungan minyak atsirinya. Namun, pemanfaatan serai sebagai spray anti nyamuk masih belum umum di masyarakat. Oleh karena itu, dilakukan kegiatan pelatihan pembuatan spray anti nyamuk berbasis serai, bagi ibu-ibu rumah tangga di Dusun 6, Desa Mulang Maya. Kegiatan ini mencakup penyuluhan mengenai pencegahan DBD, bahaya penggunaan obat nyamuk kimia, serta manfaat serai sebagai bahan alami pengusir nyamuk, diikuti dengan pelatihan pembuatan spray anti nyamuk dari ekstrak serai menggunakan metode perebusan. Hasil kegiatan menunjukkan peningkatan pemahaman masyarakat terkait pencegahan DBD dan keterampilan dalam membuat spray anti nyamuk berbasis bahan alami. Produk yang dihasilkan dapat digunakan secara langsung oleh peserta sebagai solusi alternatif yang ramah lingkungan dan berkelanjutan
Reaksi Pasar Terhadap Hasil Pemilu Presiden 2024 Pada Perusahaan Milik Koalisi Pendukung Masing-Masing Pasangan Calon Minggara, Ferdyan Falevi; Prasetyo, Tri Joko; Syaipudin, Usep; Putri, Widya Rizki
Economics and Digital Business Review Vol. 7 No. 1 (2025)
Publisher : STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/ecotal.v7i1.3434

Abstract

Penelitian ini bertujuan untuk menganalisis reaksi pasar modal terhadap hasil Pemilu Presiden Indonesia 2024 dengan melihat perubahan return saham dan trading volume activity pada perusahaan yang tergabung dalam koalisi pendukung masing-masing pasangan calon. Metode yang digunakan adalah event study dengan periode pengamatan sebelum dan sesudah pengumuman hasil pemilu. Data diperoleh dari Bursa Efek Indonesia dan Yahoo Finance. Hasil uji normalitas menunjukkan data tidak berdistribusi normal, sehingga pengujian hipotesis dilakukan menggunakan Wilcoxon Signed Rank Test. Hasil penelitian menunjukkan bahwa perusahaan yang terafiliasi dengan pasangan calon terpilih mengalami perbedaan yang signifikan pada return saham dan volume perdagangan setelah pengumuman hasil pemilu. Sebaliknya, perusahaan yang mendukung pasangan calon yang tidak terpilih tidak menunjukkan perbedaan yang signifikan. Temuan ini menunjukkan bahwa pasar modal merespons informasi politik, khususnya terhadap perusahaan yang terkait dengan pemenang pemilu.