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Journal : Indonesian Journal of Multidisciplinary Science

Risk Management in Facing Macroeconomic Uncertainty on Pertamina's Profitability Rastanura, Yudha; Priyarsono, Dominicus Savio; Ramadyanto , Widodo
Indonesian Journal of Multidisciplinary Science Vol. 4 No. 11 (2025): Indonesian Journal of Multidisciplinary Science
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/ijoms.v4i11.1169

Abstract

This study examines the effect of macroeconomic variables on the financial performance of PT Pertamina (Persero), a strategic Indonesian state-owned energy company (Badan Usaha Milik Negara/BUMN). Using time series data from 2005 to 2023, the research applies an econometric model examine relationship of macroeconomic variables between exchange rate, inflation, Bank Indonesia interest rate (BI Rate), and international crude oil prices (ICP) with corporate financial performance (Return on Equity/ROE and Return on Assets/ROA). Quantitative analysis is enhanced Montecarlo Simulation to model financial uncertainty and macroeconomic stress testing (moderate, pessimistic, optimistic scenarios). This study also integrates the risk management framework to construct a proses of risk management, and formulate data-driven risk mitigation strategies. The research is expected to contribute to the development of risk-informed financial management strategies based on econometric analysis and to serve as a reference for other BUMN in managing macroeconomic uncertainty.
Co-Authors ., Harianto A. Yulian AA Sudharmawan, AA Abd. Rasyid Syamsuri Adi Hadianto Adi Lumaksono Adler Haymans Manurung Ahmad, Fahmi Salam Akhmad Fauzi Akhmad Fauzi Alfi Nur Lailiyah Alla Asmara Amzul Rifin Andika, Ridho Erfan Andri Ronaldo Pasaribu Annisa Utami Seminar Arief Daryanto Arief Muhammad Sigit Artha Graciela Pandiangan Arya Hadi Dharmawan Asshanti, Fathia Fauziah Asti Asti Bayu Agung Prasetyo Beta Septi Iryani Bonar M Sinaga, Bonar M Budi Asih Bunasor Sanim Bustanul Arifin Charles R. Vorst Desyandri Desyandri Devi Nurmalasari Diah Ananta Dewi Dian Anggraeny Rahim Diyah Nugraheni Eka Dewi Satriana Ely Elprida Sigiro Erliza Noor Ernan Rustiadi Ernawati Pasaribu Ervin Nora Susanti Ervin Nora Susanti Esra Frandika Barus Esra Frandika Karo-Karo Gea Alzera Kosanda Gebby Aldhepis Gerhana Gerhana, Gerhana Geri Suryadi HANUM, F. Happy Febrina Hariyani Harianto Harianto Hartoyo Hartoyo Hasbiyallah Hasan Heri Supriyadi Hermanto Siregar Hermanto Siregar Heru Kustanto Hutagaol, Manuntun Paruliah Ilham, Nyak Iryani, Beta S. Kuntjoro . Kustanto, Heru Laily Dwi Arsyianti LESMANA, D. C. Linda Karlina Sari Mafiana, Bekti Dwisepti MANGARA TAMBUNAN Martua Eliakim Tambunan Maudytia Rismalasari Prabowo Miryam B Lilian Wijaya Mochammad Imron Awalludin Mohammad Saedy Romli Muhammad Fauzan Fadhlani Nandha Rizki Awalia Neli Agustina Nia Permatasari Nor Qomariyah Pitri Yandri Probokawuryan, Mutiara Raden Racmadi Gustrian Rahim, Dian Anggraeny Raiyatu Imadidin Ramadyanto , Widodo Ramadyanto, Widodo Rastanura, Yudha Rina Oktaviani Rina Oktaviani Rindayati, W. Rusman Heriawan Rustam Abd. Rauf Shabrina Agustin Ghassani Siahaan, Henry MP Sigit, Arief Muhammad Siti Jahroh Sri Hartoyo Sri Hartoyo Sri Hartoyo Sri Mulatsih Suharno Suharto Sulistyowati, Niken Tahlim Sudaryanto, Tahlim Tampubolon, Bahroin Idris Tanti Novianti Titi Kanti Lestari Tony Irawan Triana Rachmaningsih Trias Andati Trias Andati Ujang Sehabudin, Ujang Wahyudi, Wenny Widya Widodo Ramadyanto Widyastutik Winardi Winardi Winardi Winardi Winardi, Winardi Wiwiek Rindayanti Wiwiek Rindayati Y. Munawar Yuliana Susanti Yusman Syaukat Yusman Syaukat Yusuf Munawar