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All Journal Sebelas Maret Business Review Jurnal Cahaya Mandalika Jurnal Magister Ekonomi Syariah
Rachmadi, Erfan
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Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Languange, Linguistic, Communication & Media

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Do ESG Performance Improve Bank Stability: Comparative Analysis Islamic vs Conventional Bank Irsyad, Muhammad; Chairiyati, Fauziah; Rachmadi, Erfan
Jurnal Magister Ekonomi Syariah Vol. 3 No. 2 Desember (2024): J-MES: Jurnal Magister Ekonomi Syariah
Publisher : Program Studi Magister Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jmes.2024.032-06

Abstract

This research examines the impact of ESG on the stability of conventional banks and Islamic banks in Indonesia and Malaysia. Using panel data from 140 conventional banks and 27 Islamic banks from 2014-2023, we found that ESG performance has a significantly positive impact on bank stability. The research results indicate that ESG significantly affects the stability of both Islamic and conventional banks. Furthermore, the research results also indicate that the environmental pillar has a more significant impact on the stability of conventional banks and the social pillar has a more significant impact on the stability of Islamic banks. The results of this research can be utilized by stakeholders to pay more attention to ESG performance as an effort to maintain the long-term stability of both conventional and Islamic banks.
Evaluasi Kinerja Keuangan: Pengaruh Profitabilitas terhadap Likuiditas pada PT. Bank Syariah Indonesia Rachmadi, Erfan
Jurnal Cahaya Mandalika ISSN 2721-4796 (online) Vol. 3 No. 3 (2022)
Publisher : Institut Penelitian Dan Pengambangan Mandalika Indonesia (IP2MI)

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Abstract

Penelitian ini bertujuan untuk mengevaluasi kinerja keuangan PT. Bank Syariah Indonesia (BSI) dengan fokus pada pengaruh profitabilitas terhadap likuiditas. Data yang digunakan dalam penelitian ini adalah ROA dan ROE sebagai proksi profitabilitas, serta FDR sebagai proksi likuiditas. Data diperoleh dari laporan keuangan BSI. Metode penelitian yang digunakan adalah penelitian kuantitatif. Hasil penelitian menunjukkan adanya pengaruh signifikan antara ROA terhadap FDR dengan arah yang negatif. Hal ini menunjukkan bahwa peningkatan profitabilitas yang diukur dengan ROA akan berdampak pada penurunan likuiditas yang diukur dengan FDR pada PT. Bank Syariah Indonesia. Selain itu, penelitian ini juga menemukan pengaruh signifikan positif antara ROE dan FDR. Artinya, peningkatan profitabilitas yang diukur dengan ROE akan berdampak positif terhadap likuiditas pada PT. Bank Syariah Indonesia. Temuan ini memiliki implikasi penting bagi manajemen PT. Bank Syariah Indonesia dalam mengelola kinerja keuangan mereka. Dalam upaya meningkatkan likuiditas, manajemen perlu memperhatikan faktor-faktor yang mempengaruhi ROA dan ROE, serta mengambil tindakan yang tepat untuk memperbaiki kinerja keuangan mereka.
Independent directors and profitability: Evidence from Indonesia Rachmadi, Erfan; Saktiawan, Bimo
Sebelas Maret Business Review Vol 9, No 1 (2024): June 2024
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v9i1.90198

Abstract

The primary response to this issue was to introduce and strengthen the role of independent directors in the board of directors. Independent directors aim to improve the quality of corporate governance by ensuring adequate management supervision so that stakeholders and shareholders can be well looked after. This article examines independent directors' influence on company profitability in Indonesia. The data used in this research comes from 90 companies in Indonesia from 2013 to 2022. We use panel data regression analysis as a method to measure the influence of independent directors on profitability. We find that independent directors have a significant favorable influence on company profitability. These findings support the hypothesis that the presence of independent directors can improve company performance through effective monitoring and objective decision-making. In addition, these results show that good corporate governance practices, namely practices involving independent directors, are an essential factor in increasing company profitability in Indonesia.
Board governance in moderating the relationship between environmental performance and firm performance in Indonesia Rachmadi, Erfan; Hing, Jia Jia
Sebelas Maret Business Review Vol 9, No 2 (2024): December 2024
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v9i2.98919

Abstract

The results regarding the relationship between environmental performance and company performance are still inconclusive. This condition is because there is still confusion regarding what influences this relationship. This study examines the role of board governance (board size, independent board, and gender diversity), which corporate decisions are highly dependent on their governance. The sample used in this study covers 117 companies in Indonesia from 2015 to 2023, using panel data regression analysis. The results obtained from this study indicate that companies in Indonesia negatively influence environmental performance and company performance. Furthermore, we found that independent board and gender diversity moderate this relationship. This evidence can be attributed to the role of board governance in producing strategic decisions in its activities. Evidence of this moderating role significantly contributes to environmental and corporate performance literature. Finally, this study offers knowledge to policymakers and practitioners regarding the importance of the role of corporate boards in monitoring the performance of their company's management to make good business decisions. 
Co-Authors Chairiyati, Fauziah Hing, Jia Jia Muhammad Irsyad Saktiawan, Bimo