Article Per Year (5 Year)
p-Index From 2021 - 2026
0.444
P-Index
This Author published in this journals
All Journal Jurnal Manajerial Dan Kewirausahaan Inkubis: Jurnal Ekonomi dan Bisnis
Nuryasman Nuryasman
Universitas Tarumanagara
Economics, Econometrics & Finance Social Sciences

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

 1 
Dampak Pandemi Covid-19 terhadap Kinerja Keuangan Perusahaan Penerbangan di BEI Andreas Sugandy; Nuryasman Nuryasman
Jurnal Manajerial Dan Kewirausahaan Vol. 4 No. 3 (2022): Jurnal Manajerial dan Kewirausahaan
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jmk.v4i3.19699

Abstract

Tujuan penelitian ini adalah untuk mengetahui perbedaan kinerja keuangan perusahaan penerbangan di BEI sebelum dan setelah diumumkannya kasus pandemi Covid-19. Kinerja keuangan diukur dengan rasio likuiditas (Quick Ratio), rasio profitabilitas (Return On Assets), dan rasio solvabilitas (Debt to Equity Ratio). Populasi dalam penelitian ini adalah perusahaan penerbangan yang terdaftar di BEI pada tahun 2019- 2020. Pengambilan sampel dilakukan dengan metode purposive sampling, sehingga diperoleh 4 perusahaan penerbangan sebagai sampel. Data yang digunakan adalah data sekunder yang diterbitkan oleh Otoritas Jasa Keuangan (OJK) dalam periode waktu 9 bulan sebelum (Juni 2019 - Februari 2020) dan 9 bulan setelah (April 2020 - Desember 2020) diumumkannya pandemi covid-19 pertama di Indonesia pada 2 Maret 2020. Pengujian dilakukan dengan menggunakan uji Wilcoxon Signed Rank Test, yang sebelumnya dilakukan uji normalitas. Hasil analisis data menunjukan terdapat perbedaan secara signifikan terhadap kinerja keuangan perusahaan penerbangan di BEI sebelum dan setelah diumumkannya kasus pandemi Covid-19 pada quick ratio, ROA, dan DER. The purpose of this study is to identify any differences in financial performance in airlines listed on BEI before and after the announcement of the case Covid-19 pandemic. Financial performance measured by liquidity ratio (Quick Ratio), profitability ratio (Return On Assets), and solvability ratio (Debt to Equity Ratio). The population in this study is airlines listed on BEI in the period of 2019- 2020. Using purposive sampling, 4 companies were selected as the sample. The data used are secondary data published by the Otoritas Jasa Keuangan (OJK) within the period of 9 months before (June 2019- February 2020) and 9 months after (April 2020- December 2020) the announcement of the first Covid-19 case in Indonesia on March 2nd, 2020. The test is conducted using the Wilcoxon Signed Rank Test which used previously in normality test. The results of data show that there are differences in financial performance of airlines in BEI before and after the announcement of Covid-19 pandemic case of quick ratio, ROA, and DER.
Financial Risk Mitigation Through Sustainability: Evidence from Construction Sector in Southeast Asia Rustandi Rustandi; Tri Gunarsih; Nuryasman Nuryasman; Faizul Mubarok
Inkubis : Jurnal Ekonomi dan Bisnis Vol. 8 No. 2 (2026): INKUBIS Jurnal Ekonomi Dan Bisnis
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59261/inkubis.v8i2.313

Abstract

Background: The construction sector is highly exposed to financial risk due to cost overruns, delayed payments, and market volatility. However, limited studies have examined how multidimensional financial risks affect firm value in Southeast Asia, particularly when ESG is positioned as a risk-mitigation mechanism. Objective: This study examines the effects of bankruptcy risk, fundamental risk, and liquidity risk on firm value while testing the moderating role of ESG in construction firms across Southeast Asia from 2015 to 2024. Methods: This study employed an explanatory quantitative design using unbalanced panel data, consisting of 1,831 observations for the direct risk model and 240 observations for the ESG moderation model. The data were analyzed using static panel estimation with Driscoll–Kraay standard errors and dynamic System GMM estimation. Results: Bankruptcy risk, fundamental risk, and liquidity risk significantly affected firm value across different model specifications. ESG significantly moderated the relationship between bankruptcy risk and firm value, indicating that sustainability practices strengthen the market signal of financial stability. However, ESG did not significantly moderate the effects of fundamental risk or liquidity risk on firm value. Conclusion: ESG practices selectively enhance firm resilience against bankruptcy risk, whereas operational and liquidity risks are assessed more independently by the market. This study contributes cross-country evidence on financial risk, firm value, and sustainability in Southeast Asia’s construction sector.
Co-Authors Andreas Sugandy Faizul Mubarok Rustandi Rustandi Tri Gunarsih