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All Journal EKONOMIS : Journal of Economics and Business Jurnal Akuntansi, Manajemen dan Ilmu Ekonomi (JASMIEN) Surplus: Jurnal Riset Mahasiswa Ekonomi, Manajemen, dan Akuntansi Komunita: Jurnal Pengabdian dan Pemberdayaan Masyarakat TECHNOBIZ : International Journal of Business
WIRDA MARDYANINGSIH
Universitas Sriwijaya
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Public Health Social Sciences

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INTEGRATING STRATEGIC RISK MANAGEMENT AND SUSTAINABLE STRATEGIC PLANNING TO ENHANCE INDONESIAN LISTED BANKS’ FINANCIAL HEALTH WIRDA MARDYANINGSIH; Rahma Febrianti; Akhmad Ghozali
TECHNOBIZ : International Journal of Business Vol. 8 No. 2 (2025): Oktober 2025
Publisher : TECHNOBIZ : International Journal of Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33365/technobiz.v8i2.811

Abstract

The banking sector plays a vital role in sustaining national economic stability but has faced major challenges in the past five years, including the Covid-19 pandemic and the growing pressure to adopt sustainability principles. The financial health of publicly listed banks, as key players in the financial system, depends on their ability to manage strategic risks and implement sustainable planning. This study investigates the effect of Strategic Risk Management (SRM) on Financial Health, with Sustainable Strategic Planning (SSP) as a mediating variable. A quantitative approach was applied using secondary data from 33 publicly listed banks in Indonesia during 2020–2024. SRM was measured through strategic risk disclosure and the integration of risk into business strategies. SSP was proxied by sustainability roadmaps, ESG policies, and the implementation of green strategies. Financial Health was assessed using CAR, NPL, ROA, LDR, and CIR ratios. The results indicate that SRM significantly improves SSP, SSP significantly enhances Financial Health, and SRM also directly affects Financial Health. Furthermore, SSP fully mediates the relationship between SRM and Financial Health. These findings highlight the importance of embedding strategic risk management into sustainable planning to strengthen the financial resilience of Indonesian banks
STRATEGIC IMPLICATIONS OF STOCK PERFORMANCE AND FINANCIAL STABILITY: EVIDENCE FROM INDONESIA & MALAYSIA Rahma Febrianti; Wirda Mardyaningsih; Akhmad Ghozali; Bulan Nettiary Kelara
TECHNOBIZ : International Journal of Business Vol. 8 No. 2 (2025): Oktober 2025
Publisher : TECHNOBIZ : International Journal of Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33365/technobiz.v8i2.916

Abstract

This study aims to examine the influence of the Capital Adequacy Ratio (CAR), Return on Assets (ROA), and Gross Domestic Product (GDP) on the stock performance of publicly listed banks, proxied by the Price to Book Value (PBV), in Indonesia and Malaysia. Using a quantitative approach based on secondary data from annual financial reports and national macroeconomic indicators, multiple linear regression was employed to analyze both partial and simultaneous effects of the independent variables on stock performance. The findings reveal different relationships between the two countries. In Indonesia, CAR and GDP significantly affect PBV, while ROA shows no effect. In contrast, in Malaysia, all three variables—CAR, ROA, and GDP—significantly influence PBV. These results reflect differences in banking efficiency, financial stability, and investor sensitivity to fundamental indicators and economic conditions. This research enhances the understanding of how micro-level financial strength and macro-level economic performance jointly shape market perceptions of banking stock value. The results offer strategic insights for regulators, investors, and bank management to strengthen capital structure, sustain profitability, and align investment strategies with economic dynamics and market expectations across the ASEAN region.
Strategic Risk Orientation and Decision Making Consistency in ASEAN Banks Wirda Mardyaningsih
Jurnal Akuntansi, Manajemen dan Ilmu Ekonomi (Jasmien) Vol. 5 No. 12 (2026): Jurnal Akuntansi, Manajemen dan Ilmu Ekonomi (Jasmien)
Publisher : Cattleya Darmaya Fortuna

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54209/jasmien.v5i12.2079

Abstract

Perbankan di kawasan ASEAN menghadapi dinamika lingkungan yang semakin kompleks akibat ketidakpastian ekonomi global, perbedaan kerangka regulasi antarnegara, perkembangan teknologi, serta perubahan struktur risiko pascakrisis dan pandemi Covid-19. Dalam konteks tersebut, konsistensi pengambilan keputusan manajerial menjadi faktor penting dalam menjaga keberlanjutan operasional dan stabilitas perbankan. Penelitian ini bertujuan untuk menganalisis pengaruh strategic risk orientation terhadap decision-making consistency bank komersial di kawasan ASEAN, dengan mengendalikan ukuran bank dan profit margin. Penelitian menggunakan pendekatan kuantitatif eksplanatori dengan data panel sekunder dari 151 bank komersial yang terdaftar di BANKFOCUS selama periode 2020–2024. Strategic risk orientation diukur menggunakan indeks komposit yang merepresentasikan preferensi risiko strategis bank, sedangkan decision making consistency diproksikan melalui volatilitas ROE, NIM, dan efisiensi operasional. Analisis data dilakukan menggunakan regresi data panel dengan model random effects dan robust standard errors. Hasil penelitian menunjukkan bahwa strategic risk orientation berpengaruh positif dan signifikan terhadap konsistensi pengambilan keputusan manajerial bank. Ukuran bank berpengaruh negatif signifikan terhadap konsistensi keputusan, sedangkan profit margin tidak menunjukkan pengaruh yang signifikan. Temuan ini menegaskan bahwa orientasi risiko strategis merupakan fondasi penting dalam membentuk pola pengambilan keputusan yang stabil dan berkelanjutan di sektor perbankan ASEAN. Penelitian ini berkontribusi dengan mengalihkan fokus analisis dari hasil kinerja keuangan menuju proses strategis pengambilan keputusan dalam konteks manajemen risiko perbankan lintas negara.
Youth Financial Literacy: Pathway to Independence for SMA Bina Jaya Students Kemas M Husni Thamrin; Rahma Febrianti; Wirda Mardyaningsih; Isni Andriana
KOMUNITA: Jurnal Pengabdian dan Pemberdayaan Masyarakat Vol 5 No 1 (2026): Februari
Publisher : PELITA NUSA TENGGARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60004/komunita.v5i1.398

Abstract

The community service activity at SMA Bina Jaya Kertapati Palembang was successfully implemented according to the planned methods. This activity effectively encouraged active student participation through interactive discussions where students raised critical questions related to financial literacy, including effective saving methods, digital fund management via e-wallets, and strategies to resist consumptive temptations. Students demonstrated increased awareness of the importance of early financial planning and prudent digital financial management, reflecting a deeper understanding of current economic challenges. The educational approach emphasizing financial values and ethics, such as thriftiness and responsibility, proved effective in shaping healthy financial behavior. The results align with studies that highlight the positive relationship between financial literacy and economic well-being, especially among the youth. The interactive and contextualized socialization and training programs not only enhanced knowledge but also fostered positive attitudes in personal financial management to avoid consumptive behaviors. Thus, this community service contributes significantly to preparing a financially savvy generation ready to face future economic challenges.
Strategic Financial and Risk Decisions for Firm Value: Evidence from ASEAN Banks Wirda Mardyaningsih
Ekonomis: Journal of Economics and Business Vol 10, No 1 (2026): Maret
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/ekonomis.v10i1.2809

Abstract

This study aims to evaluate the impact of capital structure, credit risk, and strategic risk on the firm value of banks in the ASEAN region, while also examining the role of the Capital Adequacy Ratio (CAR) as a mediating variable. The study employs an explanatory quantitative approach using secondary panel data obtained from the BANKFOCUS database, covering 78 publicly listed banks from eight ASEAN countries over the period 2020–2024, yielding a total of 390 observations. Firm value is measured using Tobin’s Q, capital structure is proxied by the Debt to Asset Ratio (DAR), credit risk by the Non-Performing Loan (NPL) ratio, and strategic risk by BOPO volatility as an indicator of strategic risk. The data analysis was conducted using panel data regression employing the Random Effects model, while the mediating role of CAR is tested using the causal steps approach and the Sobel test. The findings indicate that capital structure and strategic risk have a positive and significant effect on firm value, whereas credit risk exerts a significant negative impact on the firm value of banks in the ASEAN region. Furthermore, capital structure is also found to have a positive and significant effect on the Capital Adequacy Ratio (CAR). The mediation analysis results reveal that the Capital Adequacy Ratio (CAR) has a positive and significant effect on firm value and functions as a partial mediator in the relationship between capital structure, credit risk, and strategic risk and firm value. These results emphasize the critical role of CAR in reinforcing financing strategies and strategic risk management to improve sustainable value of banking firms in the ASEAN region.
STRATEGIC MACROECONOMIC DETERMINANTS OF BANKING PROFITABILITY: A TWO-COUNTRY ASEAN STUDY Rahma Febrianti; Wirda Mardyaningsih
Surplus: Jurnal Riset Mahasiswa Ekonomi, Manajemen, dan Akuntansi Vol 5 No 2 (2025): Surplus: Jurnal Riset Mahasiswa Ekonomi, Manajemen dan Akuntansi
Publisher : Fakultas Ekonomi Universitas IBA Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35449/surplus.v5i2.1125

Abstract

This study examines the influence of Foreign Direct Investment (FDI) and Gross Domestic Product (GDP) on the Return on Assets (ROA) of publicly listed banks in Indonesia and Malaysia using a panel data approach with Bank Focus as the data source. The analysis aims to provide a deeper understanding of how macroeconomic indicators shape banking profitability in two countries with differing economic structures. The findings indicate that in Malaysia, FDI has no significant effect on ROA, while GDP exerts a positive and significant influence on banking profitability. In contrast, for Indonesian banks, FDI demonstrates a significant negative effect on ROA, whereas GDP shows no significant impact. These results highlight that the sensitivity of banking profitability to macroeconomic conditions varies across countries, suggesting that financial strategies and banking policies must be adapted to the specific economic context of each nation.
Co-Authors Akhmad Ghozali Andriana, Isni Bulan Nettiary Kelara Kemas M Husni Thamrin Rahma Febrianti Rahma Febrianti