Article Per Year (5 Year)
p-Index From 2021 - 2026
2.303
P-Index
This Author published in this journals
All Journal Economic Journal of Emerging Markets Jurnal Manajemen Terapan dan Keuangan Jurnal Keuangan dan Perbankan JDM (Jurnal Dinamika Manajemen) Asia-Pacific Management and Business Application International Research Journal of Business Studies (E-Journal) EQIEN - JURNAL EKONOMI DAN BISNIS Journal of Humanities and Social Studies Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) Quantitative Economics and Management Studies Devotion: Journal of Research and Community Service Interdisciplinary Social Studies Indonesian Capital Market Review International Research Journal of Business Studies Matrik: Jurnal Manajemen, Strategi Bisnis, Dan Kewirausahaan
Rofikoh Rokhim
Department of Management, Faculty of Economics and Business, Universitas Indonesia
Arts Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Mathematics Public Health Social Sciences

Published : 25 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 25 Documents
Search

 1   2   3 
Is ESG Companies' Performance Influenced by Ownership Structure? Evidence in ASEAN Kurniawan, Ivana; Rokhim, Rofikoh
Interdisciplinary Social Studies Vol. 2 No. 9 (2023): Special Issue
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/iss.v2i9.485

Abstract

Background: According to studies on sustainability dimensions – environmental, social, and governance (ESG) – companies that effectively address the stakeholders’ ESG expectations are likely to outperform companies that poorly implement ESG principles. Studies show mixed results of the relationship between ESG and financial performance. Besides, ESG adoption in ASEAN countries is still in early stage compared with European countries or US region. Aim: The purpose of this paper is to investigate the relationship between Environmental, Social and Governance (ESG) performance and firm performance of ASEAN listed companies moderated by company ownership structure. Method: This paper selects publicly listed companies in ASEAN stock exchanges with data period of 2017-2021, a total of 607 companies samples with 1,309 data observations. Refinitiv Eikon ESG rating is adopted in this paper to measure ESG performance while ownership structure is measured in three aspects, which include ownership concentration, equity balances, and institutional investor shareholding. Findings: The research found that (1) ESG performance has negative and significant relation to both market-based and accounting-based firm performances, (2) ownership concentration has no significant moderating role on ESG – firm performance relationship, (3) equity balance is only significant in moderating ESG relationship to Tobin’s Q, meanwhile (4) institutional ownership is found statistically significant in moderating the ESG relationship to Tobin’s Q and ROE but not to ROA.
The Influence of Agricultural Commodity on F&B Company’s Performance in Indonesia Rokhim, Rofikoh; Setiawan, Puguh
International Research Journal of Business Studies Vol. 6 No. 1 (2013): April - July 2013
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.6.1.13-28

Abstract

This research examines the influence of agricultural commodity price movements on stock price and gross profit of food and beveragecompanies in Indonesia, as well as the effect of volatility prices of agricultural commodities. Using time series data of food and beverages (F&B) companies that are listed at the Indonesia Stock Exchange (IDX), this research calculating the event studies to find the abnormal returns. The results showed that the movement of agricultural commodity prices has a positive effect on stock prices of F&B companies, with the dominant influence of commodity prices of corn and sugar. Agricultural commodity prices also affect positively on gross profit F&B companies, with the dominant influence of commodity prices of corn and palm oil. The increase in prices of agricultural commodities simultaneously affect the value of a positive cumulative abnormal return for stocks of F&B companies. The results also showed that the decline of agricultural commodities simultaneously affect the value of negative cumulative abnormal return for stocks of F&B companies.
Business Model and Bank Risk in Indonesian Islamic Bank Anggaredho, Panji Patra; Rokhim, Rofikoh
APMBA (Asia Pacific Management and Business Application) Vol. 5 No. 3 (2017)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2017.005.03.2

Abstract

This study aimed to analyze the relationship between business model of bank's risk in Islamic banks in Indonesia. Bank risk is represented by Z-score, while business model is represented in two ways, namely the portion of fee based income in income structure and the portion of non deposit funding in funding structure. This study analyzed panel data observed through the data 33 Islamic banks in Indonesia in 2005 to 2015. The results of this study concluded that the overall size of data portion of fee based income effect on the risk of bank, while the magnitude of portion of non deposit funding is not effect on bank's risk. Then, for robustness checks, We conducted a regression between variables to categorize Islamic banks into large and small Islamic banks. In the category of large banks, both fee based income and non deposit funding did not affect bank’s risk, while for banks categorized as small, the magnitude of portion of fee based income has an influence on risk of bank, while the magnitude of portion of non deposit funding has no effect the bank's risk.
Corporate Resilience During the Covid-19 Pandemic: the Role of ESG Performance and Financial Flexibility Khrisna Ariyudha, Pande Putu Khrisna Ariyudha; Rokhim, Rofikoh
MATRIK: JURNAL MANAJEMEN, STRATEGI BISNIS, DAN KEWIRAUSAHAAN Vol. 18 No. 1 (2024)
Publisher : Faculty of Economics and Business Udayana University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/MATRIK:JMBK.2024.v18.i01.p01

Abstract

Stocks of substantial ESG firms have been claimed to perform better during crisis periods and consequently serve as an "equity vaccine" for investors. This study explores ESG ratings and financial flexibility's impact on stock performance. We test these hypotheses in the ASEAN-5 setting by assessing the relation between ESG and financial flexibility to stock price resilience in terms of time to recover during 2020 and 2021. The method used in this study is a cross-sectional data regression analysis. In a sample of 142 stocks from 5 countries consisting of Indonesia, Malaysia, Thailand, Philippines, and Singapore, we found that firms with higher ESG ratings had a better stock market performance. They tend to recover faster to achieve their lowest price in 2019. We also discovered that having more cash and liquid assets before Covid-19 doesn't make a company better at dealing with the impacts of the pandemic compared to other companies.
ANALISIS FINTECH LENDING TERHADAP KETIMPANGAN PENDAPATAN DENGAN INKLUSI KEUANGAN SEBAGAI VARIABEL INTERVENING Dharma, Rifadhio Rivansyah; Rokhim, Rofikoh
Jurnal Manajemen Terapan dan Keuangan Vol. 14 No. 03 (2025): Jurnal Manajemen Terapan dan Keuangan
Publisher : Program Studi Manajemen Pemerintahan dan Keuangan Daerah Fakultas Ekonomi dan Bisnis Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/jmk.v14i03.48124

Abstract

Perkembangan fintech lending di Indonesia telah memberikan dampak yang signifikan terhadap akses keuangan masyarakat, khususnya dalam meningkatkan inklusi keuangan. Namun, di sisi lain, perlu diteliti lebih lanjut bagaimana pengaruh fintech lending terhadap ketimpangan pendapatan di berbagai provinsi. Penelitian ini bertujuan untuk menganalisis hubungan antara fintech lending dan ketimpangan pendapatan dengan inklusi keuangan sebagai variabel intervening. Penelitian ini menggunakan pendekatan kuantitatif dengan metode analisis jalur (path analysis) berbasis regresi data panel. Data yang digunakan mencakup 34 provinsi di Indonesia dan bersumber dari publikasi resmi seperti Otoritas Jasa Keuangan (OJK) dan Badan Pusat Statistik (BPS). Hasil penelitian menunjukkan bahwa fintech lending berpengaruh positif dan signifikan terhadap inklusi keuangan, yang berarti peningkatan penyaluran fintech lending dapat meningkatkan akses masyarakat terhadap layanan keuangan. Ditemukan juga bahwa baik inklusi keuangan maupun fintech lending berpengaruh negatif dan signifikan terhadap ketimpangan pendapatan, mengindikasikan bahwa keduanya berkontribusi pada pengurangan kesenjangan ekonomi. Lebih lanjut, hasil Sobel test menunjukkan bahwa inklusi keuangan berperan sebagai variabel mediasi yang signifikan dalam hubungan antara fintech lending dan ketimpangan pendapatan.
Co-Authors Aruninggar, Hesti Dharma, Rifadhio Rivansyah Hapsari, Amarilla Hapsari, Amarilla Ibrahim Kholilul Rohman Havid Rozaq Iskandar, Muhammad Ikbal Jayadinata, Difa Haq Joenoes, Muhammad Zhafran Junanta, Geryan Khaesarani, Rena Khrisna Ariyudha, Pande Putu Khrisna Ariyudha Kurniawan, Ivana Marwadi Marwadi Marwadi Marwadi, Marwadi Muhammad Syaroni Rofii Natasha, Tiurma Nurhidayat, Rizky Maulana Nurhidayat, Rizky Maulana Pangaribuan, Thomas Ariel Hasiando Panji Patra Anggaredho, Panji Patra Pramudito, Yohannes Samuel Satrio Pranata, Bahal Anugrah Puguh Setiawan Rifiana, Alya Syafi Robby Farhan, Abdul Setyoko, Nur Rakhman Surya Gustanto, Jodi Wicaksana, Lazuardi Zulfikar