Yan Rahadian
Universitas Indonesia

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Determining Factors of Financial Performance Recovery in BRI During the Covid-19 Pandemic Damiana Noor Firdauza; Yan Rahadian
Economics Development Analysis Journal Vol 11 No 1 (2022): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v11i1.52990

Abstract

Bank Rakyat Indonesia (BRI) succeeded in loan restructuring in the Micro Small Medium Enterprises (MSMEs) segment. Loan restructuring has succeeded in pushing BRI to achieve the highest financial performance. This study aims to determine the success factors of BRI's loan restructuring. The research object is the Credit Restructuring and Recovery Division. This study applies a qualitative case study. Interviews and documentation were used to collect the data. The findings indicate that the critical success factor in dealing with the crisis is ability to adapt to policies change. The debtor's criteria and loan restructuring cycle are critical success factors of BRI's loan restructuring before the restructuring policy is set. The combination of three main components, namely interest rates, extending loan terms, and payment delays, are a determining factor for the success of loan restructuring. There are five components that support the success of loan restructuring, namely loan marketing, loan guarantee, personal values, information and communication, and other party cooperation.
Operational Risk Management Design Based on The COSO Enterprise Risk Management Approach : Case Study at TMAP Arya Prabadaru; Yan Rahadian
International Journal of Economics Development Research (IJEDR) Vol. 5 No. 1 (2024): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v5i3.5045

Abstract

Every business activity is always filled with uncertainty which can create risks. These risks can have a negative impact on achieving the company's vision, mission and goals. Therefore, handling these risks must be carried out in a comprehensive and integrated manner. Risk management is a system or method for managing, supervising and controlling a company's exposure to risk. This research uses COSO ERM 2017 as a reference for conducting gap analysis and designing a company risk management framework. Apart from that, this research also aims to design a risk management framework according to the COSO ERM 2017 framework. The results of this research show that TMAP has not implemented every risk management principle based on COSO ERM 2017. However, there are several principles that have been implemented by TMAP, namely demonstrating commitment to core values; Attracts, Develops and Retains Capable Individuals; Analyze Business Context, Formulate Business Objectives; Identify Risks. However, these principles have not been implemented completely, but only in part. With this research, it is hoped that it will be able to provide benefits and be useful for the following parties, namely that this research can be input for improving the function and role of risk management in operational activities so that it can increase productivity in accordance with the company's strategy. And academically, this research can be a reference for future research on risk management, especially in companies operating in the chemical trading industry.