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Porsi Kepemilikan Saham dan Dewan Direksi: Suatu Prediksi Kinerja Consumer Good Industry di Indonesia Muhammad Rizqi Alriansyah Manurung; Dewi Susilowati
Kompartemen : Jurnal Ilmiah Akuntansi Vol. 20 No. 1 (2022): KOMPARTEMEN, Vol 20 No 1, Maret 2022
Publisher : Universitas Muhammadiyah Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/kompartemen.v20i1.12201

Abstract

Laju perekonomian di dunia berkembang dengan pesat. Sumberdaya bertumbuh di negara maju maupun negara berkembang seperti Indonesia. Perusahaan secara dinamis memenuhi tuntutan pasar dan tuntutan eksternal, serta mengoptimalkan keberhasilan dan kesejahteraan pemilik saham sebagai upaya untuk memaksimalkan nilai perusahaan. Tujuan penelitian ini untuk menguji pengaruh positif kepemilikan keluarga, institusional, blockholder serta dewan direksi terhadap kinerja perusahaan. Sampel yang digunakan adalah perusahaan sektor consumer goods industry di Indonesia. Hasil penelitian ini menunjukkan bahwa kepemilikan keluarga tidak berpengaruh terhadap kinerja perusahaan, kepemilikan institusional berpengaruh negatif terhadap kinerja perusahaan, kepemilikan blockholder dan dewan direksi berpengaruh positif terhadap kinerja perusahaan terhadap kinerja perusahaan.
Blockholder Ownership, Independent Commissioner Experience, and Director Experience In Improving Company Performance: A Corporate Governance Perspective Muhammad Rizqi Alriansyah Manurung
Kompartemen : Jurnal Ilmiah Akuntansi Vol. 23 No. 2 (2025): KOMPARTEMEN, Vol 23 No 2, September 2025
Publisher : Universitas Muhammadiyah Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/kompartemen.v23i2.27455

Abstract

Detailed instructions for preparing your paper for submission to This study examines the impact of corporate governance mechanisms specifically blockholder ownership, independent commissioner experience, and director experience—on company performance in Indonesian manufacturing firms listed on the Indonesia Stock Exchange between 2020 and 2023. The objective is to understand how these governance variables contribute to improving company outcomes, particularly in emerging markets with unique governance challenges. Using secondary data from financial reports and corporate filings, the study employs regression analysis to assess the relationships between these variables and company performance. The results show that blockholder ownership has a limited effect on company performance, likely due to governance challenges such as weak regulatory frameworks and conflicting interests among blockholders. Conversely, independent commissioner experience significantly enhances company performance by improving strategic decision-making and reducing agency costs. Similarly, the collective experience of the board positively influences performance, with experienced directors better equipped to navigate business challenges and make informed decisions. In conclusion, the study highlights the critical role of strong corporate governance in shaping firm performance. It recommends that firms in emerging markets optimize governance structures by ensuring alignment between blockholders and management, prioritizing the recruitment of experienced independent directors, and fostering a diverse and experienced board to drive long-term success. These findings have practical implications for policymakers, regulators, and corporate boards aiming to enhance organizational outcomes in emerging markets.
Ownership Structure and Board of Directors: Predicting the Performance of the Consumer Goods Industry in Indonesia Muhammad Rizqi Alriansyah Manurung; Juli Riyanto Tri Wijaya
Ratio : Reviu Akuntansi Kontemporer Indonesia Vol. 6 No. 2 (2025): Reviu Akuntansi Kontemporer Indonesia
Publisher : Universitas Muhammadiyah Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/ratio.v6i2.26856

Abstract

The global economy is rapidly advancing, driven by the growth of resources in both developed and emerging economies, such as Indonesia. Companies are increasingly focused on meeting market and external demands dynamically, aiming to optimize shareholder success and enhance the value of their institutions. This study aims to examine whether family ownership positively impacts company performance, institutional ownership positively influences company performance, blockholder ownership has a positive effect on company performance, and the board of directors contributes positively to company performance in Indonesia's consumer goods industry. The findings of this study suggest that family ownership does not significantly impact company performance, blockholder ownership does influence company performance, and the direction of the board of directors plays a role in shaping company performance within the consumer goods sector in Indonesia.
TRANSFORMING ASSET ALLOCATION THEORY THROUGH ROBO-ADVISORY AND ARTIFICIAL INTELLIGENCE Farid Muhammad Rofifudin; Muhammad Rizqi Alriansyah Manurung; Syamsul Bakhtiar
Jurnal Riset Entrepreneurship Vol. 9 No. 2 (2026): (Edisi Agustus) Volume 9, Nomor 2, Tahun 2026
Publisher : Universitas Muhammadiyah Gresik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30587/jre.v9i2.12439

Abstract

This study synthesises the global literature on the transformation of traditional asset-allocation theory, particularly Modern Portfolio Theory (MPT), toward decision models based on Artificial Intelligence (AI) and Robo-Advisory. Using a Systematic Literature Review (SLR) with the PRISMA 2020 protocol, 46 Scopus-indexed articles (2016–2026) were analysed. The findings document a paradigm shift from static mean-variance optimisation toward Deep Reinforcement Learning (DRL), hybrid FNN–DRL architectures, and the integration of alternative data such as ESG sentiment, Vision-Language climate perception, and digital assets. The study proposes an emerging "Algorithmic Portfolio Theory" and underlines the need for Explainable AI to secure accountability and investor trust in increasingly autonomous asset management.
The Impact of Digitalization on Financial Accounting Practices : A Literature Review in the Scopus Database Juli Riyanto Tri Wijaya; Muhammad Rizqi Alriansyah Manurung
Review of Applied Accounting Research (RAAR) Vol. 5 No. 1 (2025): Review Of Applied Accounting Research (RAAR)-February
Publisher : Universitas Muhammadiyah Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30595/raar.v5i1.26345

Abstract

This study explores the development of research on the impact of digitalization on financial accounting practices. The objective is to analyze Scopus-indexed publications to identify key themes, theoretical approaches, research methods, and geographical focuses. A qualitative literature review was conducted, examining 207 articles published between 2006 and 2025 using the keyword "digitalization on financial accounting." The results indicate a significant increase in scholarly interest post-2018, with a surge in publications highlighting the growing importance of digital transformation in financial accounting. The research identifies key institutions and countries contributing to the discourse, with a notable influence from Eastern European institutions, particularly Russia. The publications predominantly comprise articles across business, management, accounting, computer science, and economics. In conclusion, digitalization has emerged as a critical area of academic inquiry in financial accounting, with profound implications for practice, regulation, education, and theory. The study emphasizes the need for a consolidated understanding of the evolving landscape and informs future research agendas. These findings suggest that the integration of digital technologies into financial accounting is reshaping the field, necessitating updated accounting practices, educational curricula, and regulatory frameworks.