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THE ROLE OF INTEREST RATES ON THE EFFECT OF NON-PERFORMING LOANS AND CAPITAL ADEQUACY RATIOS ON BANKING PROFITABILITY (CASE STUDY ON CONVENTIONAL COMMERCIAL BANKS LISTED ON THE INDONESIA STOCK EXCHANGE 2016-2020) Maria Safitri; Vicky Oktavia
Jurnal Cakrawala Ilmiah Vol. 1 No. 7: Maret 2022
Publisher : Bajang Institute

The purpose of this study was to determine the effect of Non Performing Loans (NPL), Capital Adequacy Ratio (CAR) on Profitability (ROA) moderated by Interest Rates (RATE). The population of the data taken in this study were 41 conventional commercial banks. Based on the purposive sampling technique, 190 data samples were obtained from 38 conventional commercial banks listed on the IDX from 2016 to 2020. This study used path analysis with the Warp PLS 7.0 application. The results of this study prove that NPL has a negative and significant effect on ROA, CAR has a positive and significant effect on ROA, interest rates are able to moderate the effect of NPL on ROA of conventional commercial banks as evidenced by the coefficient value of -0.272 with p-value <0.001. However, interest rates are not able to moderate the effect of CAR on ROA of conventional commercial banks.

Peran PT BPRS Artha Mas Abadi Melalui Edukasi untuk Mendukung Peningkatan Literasi dan Inklusi Keuangan Syariah di Kabupaten Pati Muhammad Ataka Fadhli; Linda Ayu Oktoriza; Lenni Yovita; Maria Safitri
COMSERVA : Jurnal Penelitian dan Pengabdian Masyarakat Vol. 4 No. 12 (2025): COMSERVA: Jurnal Penelitian dan Pengabdian Masyarakat
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/comserva.v4i12.3110

Literasi keuangan Syariah di Indonesia masih kurang, khususnya di daerah pedesaan seperti Kabupaten Pati, di mana kesalahpahaman tentang perbankan Syariah dan ketergantungan pada rentenir masih tinggi. Program edukasi PT BPRS Artha Mas Abadi dirancang untuk mengatasi masalah ini. Menilai efektivitas program edukasi akad Syariah PT BPRS Artha Mas Abadi dalam peningkatan literasi serta inklusi keuangan di Pati, serta mengidentifikasi tantangan dan dampak jangka panjang. Pendekatan kualitatif deskriptif dengan wawancara mendalam pada pemangku direktur bank, masyarakat serta analisis data sekunder (laporan program, literatur). Analisis data mengacu pada model tematik. Program meningkatkan pemahaman masyarakat tentang akad Syariah (e.g., murabahah, musyarakah), kepercayaan pada produk keuangan Syariah, dan mengurangi ketergantungan pada rentenir. Tantangan meliputi akses ATM terbatas dan resistensi dari kelompok tertentu. Studi menekankan pentingnya edukasi berkelanjutan, inovasi digital (e.g., fintech), dan dukungan kebijakan untuk memperluas inklusi keuangan. Temuan dapat menjadi acuan untuk program serupa di daerah tertinggal.

Upaya Revitalisasi Wisata Alam Curug Gondoriyo Melalui Peningkatan Kompetensi Dan Motivasi Berbasis Komunitas Vicky Oktavia; Almira Santi Samasta; Maria Safitri
KREATIF: Jurnal Pengabdian Masyarakat Nusantara Vol. 5 No. 2 (2025): Jurnal Pengabdian Masyarakat Nusantara
Publisher : Pusat Riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/kreatif.v5i2.6470

This study aims to examine the development of community-based tourism in Curug Gondoriyo, Semarang. A SWOT analysis is employed to identify the strengths, weaknesses, opportunities, and threats of the destination. Curug Gondoriyo possesses significant ecotourism potential, supported by its pristine natural environment and the active involvement of the local community in its management. Since the onset of the Covid-19 pandemic, Curug Gondoriyo has experienced a drastic decline in tourist visits, posing challenges to development efforts, sustainable management, and community regeneration. Based on the SWOT analysis, the formulated strategy involves adopting a collaborative cross-sectoral approach to enhance the competence and motivation of managers, strengthening promotion through digital tourism management training, and revitalizing the spirit of mutual cooperation to improve physical facilities, accessibility, and supporting infrastructure. These strategies serve as key drivers for fostering positive socio-economic impacts while preserving environmental sustainability. The implication of this study is the development of an adaptive, innovative, and sustainable community-based ecotourism model with the potential to improve the welfare of the local community by ensuring the conservation of natural and cultural resources..

Pengaruh Faktor Internal dan Eksternal Terhadap Harga Saham Subsektor Semen Ayu Rizky Yuniar; Pradana Jati Kusuma; Maria Safitri; Fakhmi Zakaria
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 4 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i4.11611

This study examines the determinants of share prices of companies in the cement sub-sector on the Indonesia Stock Exchange (IDX), focusing on internal and external factors during the period 2020–2024. The internal factors analysed include the Debt to Equity Ratio (DER), Current Ratio (CR), and company age (AGE), while external factors include interest rates and Gross Domestic Product (GDP). The research method used is a quantitative approach based on secondary data sourced from the IDX, companies' annual financial reports, and statistical data released by the Central Statistics Agency (BPS). The research sample includes six cement sub-sector companies determined through purposive sampling, resulting in 120 quarterly panel data observations. The assessment was conducted using panel data regression with a Fixed Effect Model (FEM) selected from the Chow test and Hausman test, supported by classical assumption testing and hypothesis testing. The results of the study reveal that all independent variables simultaneously have a significant effect on stock prices. Individually, CR has a positive and significant effect, while AGE has a negative and significant effect on stock prices. Meanwhile, DER and interest rates produce an insignificant negative relationship, and GDP has a positive but insignificant effect. This study reveals that the movement of cement sub-sector stock prices can be explained by the interaction of internal and external factors, with liquidity and company age as the main determinants in conditions of overcapacity and macroeconomic uncertainty.

Interconnectedness of Global and Digital Assets: Cryptocurrencies, Gold, and Exchange Rates During 2021–2024 Tsulatsa Nur Safiira; Maria Safitri; Amalia Nur Chasanah; Bara Zaretta
Economics and Digital Business Review Vol. 7 No. 1 (2026)
Publisher : STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/ecotal.v7i1.3603

Purpose: This study examines whether fluctuations in global assets—cryptocurrencies, gold, and the rupiah exchange rate—provide signals for movements in the Indonesian Composite Stock Price Index (JCI) during 2021–2024. Research Design and Methodology: Using 48 monthly time-series observations obtained from official financial data sources, the study applies a quantitative approach with multiple linear regression analysis using EViews 12 to evaluate both partial and simultaneous effects of the variables on the JCI. Findings and Discussion: The results show that cryptocurrency has a significant negative relationship with the JCI, while gold exhibits a significant positive relationship. In contrast, the exchange rate does not have a significant effect on the JCI. Simultaneously, the three variables contribute to explaining JCI variations, although with different magnitudes of influence, indicating differing roles of digital and traditional safe-haven assets in capital market dynamics. Implications: These findings suggest that investors and policymakers should consider global asset dynamics when interpreting Indonesian capital market conditions. Future research is recommended to include additional macroeconomic indicators and higher-frequency data to capture short-term transmission mechanisms more comprehensively.

Pengaruh Faktor Internal dan Eksternal Terhadap Harga Saham Subsektor Semen Ayu Rizky Yuniar; Pradana Jati Kusuma; Maria Safitri; Fakhmi Zakaria
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 4 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i4.11611

This study examines the determinants of share prices of companies in the cement sub-sector on the Indonesia Stock Exchange (IDX), focusing on internal and external factors during the period 2020–2024. The internal factors analysed include the Debt to Equity Ratio (DER), Current Ratio (CR), and company age (AGE), while external factors include interest rates and Gross Domestic Product (GDP). The research method used is a quantitative approach based on secondary data sourced from the IDX, companies' annual financial reports, and statistical data released by the Central Statistics Agency (BPS). The research sample includes six cement sub-sector companies determined through purposive sampling, resulting in 120 quarterly panel data observations. The assessment was conducted using panel data regression with a Fixed Effect Model (FEM) selected from the Chow test and Hausman test, supported by classical assumption testing and hypothesis testing. The results of the study reveal that all independent variables simultaneously have a significant effect on stock prices. Individually, CR has a positive and significant effect, while AGE has a negative and significant effect on stock prices. Meanwhile, DER and interest rates produce an insignificant negative relationship, and GDP has a positive but insignificant effect. This study reveals that the movement of cement sub-sector stock prices can be explained by the interaction of internal and external factors, with liquidity and company age as the main determinants in conditions of overcapacity and macroeconomic uncertainty.

Menentukan Pengaruh Makroekonomi dan Internal Bank Terhadap Risiko Kredit pada Bank Umum Konvensional Indonesia Keisha Nabiila Endriani; Maria Safitri; Diana Puspitasari; Vicky Oktavia
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11812

This study was conducted to identify the impact of macroeconomic variables and internal banking factors on the level of credit risk, known as Non-Performing Loans (NPL), in conventional commercial banks in Indonesia. The macroeconomic variables considered included the rupiah exchange rate, interest rates, and GDP (Gross Domestic Product), while the internal bank factors included ROE (Return On Equity), LDR (Loan to Deposit Ratio), and CAR (Capital Adequacy Ratio). A quantitative approach was applied using secondary data from 2019 to 2024 and a panel regression technique with the REM model. The study sample included 10 conventional commercial banks selected using a purposive sampling method. The study findings revealed that interest rates and ROE had a significant negative effect on NPLs, while LDR showed a significant positive impact on NPLs. On the other hand, the rupiah exchange rate, GDP, and CAR did not show a significant effect on NPLs. Overall, all independent variables jointly influence credit risk.

Dampak Implementasi Tata Kelola Teknologi Informasi (IT Governanace) Terhadap Return on Asset (ROA) Indra Yudha Mailana; Linda Ayu Oktoriza; Maria Safitri; Vicky Oktavia
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11952

Given technological developments and globalization, effective IT governance has become crucial in supporting corporate objectives. This study analyzes the impact of IT governance implementation on financial performance, as measured by Return on Assets (ROA), in industrial companies listed on the Indonesia Stock Exchange. This study examines the relationship between the elements of IT governance, namely Board IT Governance Processes (BITGP), Board IT Governance Structure (BITGS), and Board IT Governance Relational (BITGR) with Return on Assets (ROA). The results show that these three elements have a positive and significant effect on Return on Assets (ROA), indicating that good IT governance can improve operational performance and create added value for companies. These results support agency theory and emphasize the importance of effective communication between management and stakeholders. This study recommends that companies strengthen their IT governance structures and processes in order to adapt to the digital era and innovate, thereby improving their competitiveness and long-term financial.

Menentukan Pengaruh Makroekonomi dan Internal Bank Terhadap Risiko Kredit pada Bank Umum Konvensional Indonesia Keisha Nabiila Endriani; Maria Safitri; Diana Puspitasari; Vicky Oktavia
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11812

This study was conducted to identify the impact of macroeconomic variables and internal banking factors on the level of credit risk, known as Non-Performing Loans (NPL), in conventional commercial banks in Indonesia. The macroeconomic variables considered included the rupiah exchange rate, interest rates, and GDP (Gross Domestic Product), while the internal bank factors included ROE (Return On Equity), LDR (Loan to Deposit Ratio), and CAR (Capital Adequacy Ratio). A quantitative approach was applied using secondary data from 2019 to 2024 and a panel regression technique with the REM model. The study sample included 10 conventional commercial banks selected using a purposive sampling method. The study findings revealed that interest rates and ROE had a significant negative effect on NPLs, while LDR showed a significant positive impact on NPLs. On the other hand, the rupiah exchange rate, GDP, and CAR did not show a significant effect on NPLs. Overall, all independent variables jointly influence credit risk.

Dampak Implementasi Tata Kelola Teknologi Informasi (IT Governanace) Terhadap Return on Asset (ROA) Indra Yudha Mailana; Linda Ayu Oktoriza; Maria Safitri; Vicky Oktavia
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 5 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i5.11952

Given technological developments and globalization, effective IT governance has become crucial in supporting corporate objectives. This study analyzes the impact of IT governance implementation on financial performance, as measured by Return on Assets (ROA), in industrial companies listed on the Indonesia Stock Exchange. This study examines the relationship between the elements of IT governance, namely Board IT Governance Processes (BITGP), Board IT Governance Structure (BITGS), and Board IT Governance Relational (BITGR) with Return on Assets (ROA). The results show that these three elements have a positive and significant effect on Return on Assets (ROA), indicating that good IT governance can improve operational performance and create added value for companies. These results support agency theory and emphasize the importance of effective communication between management and stakeholders. This study recommends that companies strengthen their IT governance structures and processes in order to adapt to the digital era and innovate, thereby improving their competitiveness and long-term financial.

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