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All Journal Jurnal Manajemen dan Perbankan (JUMPA) Jurnal Riset Perbankan, Manajemen dan Akuntansi
Mustanwir Zuhri
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Kinerja Keuangan, Ukuran Perusahaan, dan Aksi Korporasi serta Implikasinya terhadap Harga Saham Barang Konsumsi Mustanwir Zuhri; Eva Dian Permatasari
Jurnal Riset Perbankan Manajemen dan Akuntansi Vol 7 No 1 (2023): Jurnal Riset Perbankan, Manajemen dan Akuntansi
Publisher : Sekolah Pascasarjana Perbanas Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56174/jrpma.v7i1.150

Abstract

This study objective is to analyze the impact of financial performance, firm size, and corporate action toward stock price. The analysis unit of this study is consumer goods company listed in Bursa Efek Indonesia, year 2015 – 2020. Sampling techniques developed in this research is purposive sampling. The amount of sample is 13 companies. The panel data regression is operated for analysis. The result shows current ratio has no effect on stock price, debt to equity ratio has negative impact on stock price, total asset turnover has no impact on stock price based on α of 5% but has positive impact based on α of 10%. Return on equity, perice earning ratio, and firm size have positive effect on stock price but dividend payout ratio has negative impact on stock price.
Tingkat Kesehatan Keuangan BUMN Konstruksi Tahun 2015-2021 Indra Fajar; Mustanwir Zuhri
Jurnal Riset Perbankan Manajemen dan Akuntansi Vol 7 No 2 (2023): Jurnal Riset Perbankan, Manajemen dan Akuntansi
Publisher : Sekolah Pascasarjana Perbanas Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56174/jrpma.v7i2.163

Abstract

The focus of this paper is the description of financial soundness of construction SOEs which received assignments from the Government and/or carrying out tasks on National Strategic Projects (PSN). The study objects consist of PT Waskita Karya (Persero) Tbk, PT Wjaya Karya (Persero) Tbk. PT Adhi Karya (Persero) Tbk. PT Pembangunan Perumahan (Persero) Tbk, and PT Hutama Karya (Persero). The analysis performed by using the financial aspect assessment based on the Decree of the Minister of BUMN No. Kep-100/MBU/2002 concerning Assessment of the Healthiness Level of SOEs. The sample data used are the five construction SOEs with the period from 2015 to 2021. The results of this study indicate that the financial condition of the construction SOEs that receive Government assignments and/or work on PSN have variated conditions and generally experience a decline in the level of healthiness in 2020 and 2021. This declining of financial performance in line with the macroeconomy decline in conjunction with Covid-19 pandemic period.
Konsolidasi Bank Syariah BUMN dan Implikasinya pada Kinerja Keuangan Bagus Surya Pratama; Mustanwir Zuhri
Jurnal Manajemen dan Perbankan (JUMPA) Vol 11 No 2 (2024): Jurnal Manajemen dan Perbankan (JUMPA)
Publisher : Sekolah Tinggi Ilmu Ekonomi Y.A.I - Jakarta - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55963/jumpa.v11i2.659

Abstract

Tujuan penelitian ini menganalisis efek penggabungan perusahaan pada kinerja keuangan Bank Syariah Indonesia. terhadap rasio keuangan bank dengan pendekatan CAMEL, ini merupakan noveltydari penelitian ini karena penelitian sebelumnya menggunakan GERC. Penelitian ini menggunakan analisis independent sample t-test dan mann whitney test dengan bantuan aplikasi SPSS versi 25 Sampel penelitian adalah bank asal, yaitu Bank Mandiri Syariah, Bank BNI Syariah dan Bank BRI Syariah tahun 2015-2020 dan bank hasil konsolidasi, yaitu Bank Syariah Indonesia tahun 2021-2022. Sampel didapatkan melalui teknik purposive sampling. Hasil penelitian menunjukkan tidak terdapat perbedaan CAR Bank BNI Syariah dan Bank BRI Syariah, NPF Bank Mandiri Syariah, ROA Bank Mandiri Syariah dan Bank BNI Syariah, BOPO Bank BNI Syariah, financing to deposit ratio (FDR) Bank Mandiri Syariah, Bank BNI Syariah dan Bank BRI Syariah. Implikasi dari peneltian ini adalah bank-bank yang mengalami kesulitan di dalam mempertahankan atau menjaga kinerja keuangan dapat menempuh jalan konsolidasi untuk mengatasi permasalahan tersebut. Abstract - This research aims to analyze the effect of company mergers on the financial performance of Bank Syariah Indonesia. to bank financial ratios using the CAMEL approach, this is a novelty from this research because previous research used GERC. This research uses an independent sample t-test and mann-whitney test analysis with the help of the SPSS version 25 application. The research sample is the original bank, namely Bank Mandiri Syariah, Bank BNI Syariah, and Bank BRI Syariah in 2015-2020, and the consolidated bank, Bank Syariah Indonesia 2021-2022. Samples were obtained through the purposive sampling technique. The results of the research show that there is no difference in the CAR of Bank BNI Syariah and Bank BRI Syariah, NPF of Bank Mandiri Syariah, ROA of Bank Mandiri Syariah and Bank BNI Syariah, BOPO of Bank BNI Syariah, financing to deposit ratio (FDR) of Bank Mandiri Syariah, Bank BNI Syariah and Bank BRI Syariah. This research implies that banks that experience difficulties maintaining or maintaining financial performance can take the path of consolidation to overcome these problems.
Strategi Bisnis Porter dan Dampaknya terhadap Kinerja Keuangan Sektor Perbankan di Bursa Efek Indonesia 2020 - 2025 Mustanwir Zuhri; Adji Rizki Nashantyawarman
Jurnal Riset Perbankan Manajemen dan Akuntansi Vol 10 No 2 (2026): Jurnal Riset Perbankan, Manajemen dan Akuntansi
Publisher : Institut Keuangan-Perbankan Dan Informatika Asia Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56174/jrpma.v10i2.289

Abstract

This study aims to analyze the effect of Porter’s business strategies on the financial performance of banking companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. The business strategies examined include cost leadership strategy measured by the operation expenses to operating income (BOPO) ratio, differentiation strategy proxied by Fee-Based Income (FBI) ratio, and focus strategy measured by the micro, small, and medium-sized enterprise (MSME-UMKM) credit ratio. Financial performance is represented by return on assets (ROA). This research adopts a quantitative approach using panel data regression, i.e. Random Effect Model (REM), which was determined as the best model. The results indicate that the BOPO ratio has a negative impact on ROA, implying that higher operational costs reduce profitability, while efficient cost management improves financial performance. FBI also shows a negative effect on ROA; however, the increase in differentiation services has not been fully balanced by effective maintenance cost management. The UMKM credit ratio has a positive impact on ROA, suggesting that the UMKM sector can contribute to profitability when supported by proper risk mitigation. Among the three strategies tested, cost leadership strategy is found to be the most dominant in influencing financial performance. This study indicates that business strategies in the banking sector are not merely theoretical concepts, but can be implemented simultaneously as long as one strategy remains dominant as the foundation of managerial decision-making.
Environmental Cost, Intellectual Capital and Company Size as Predictor of Companies Financial Performance Fitria Arzaqina; Mustanwir Zuhri; Rizki Yuniarti; Riza Zahrotun Nisa
Jurnal Riset Perbankan Manajemen dan Akuntansi Vol 10 No 1 (2026): Jurnal Riset Perbankan, Manajemen dan Akuntansi
Publisher : Institut Keuangan-Perbankan Dan Informatika Asia Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56174/jrpma.v10i1.253

Abstract

Abstract – This study aims to determine the effect of environmental cost, intellectual capital, and company size on financial performance as measured by return on assets (ROA). The important role of the palm oil industry in Indonesia, issues concerning the sustainability of this industry, and the instability of average ROA over the past five years form the background for this study. The research data used a purposive sampling method to obtain 11 palm oil plantation companies listed on the Indonesia Stock Exchange (IDX) for the period of 5 years from 2019 to 2023. The analytical technique used in this study is panel data regression with a common effect model approach. This study used the Econometric Views (Eviews) version 12 software as the analytical tool. The results of this study indicate that environmental cost has no effect on ROA, intellectual capital has a positive effect on ROA, and company size has no effect on ROA. Simultaneously, environmental cost, intellectual capital, and company size affect ROA. Keywords: environmental cost, intellectual capital, company size, financial performance
Co-Authors Adji Rizki Nashantyawarman Bagus Surya Pratama Eva Dian Permatasari Fitria Arzaqina Indra Fajar Riza Zahrotun Nisa Rizki Yuniarti