Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
P-Index
This Author published in this journals
All Journal INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE)
Elisabet Siahaan
Sekolah Pasca Sarjana, Program Studi Magister Manajemen Properti dan Penilaian, Universitas Sumatera Utara, Medan

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

Found 2 Documents
Search

 1 
FACTORS AFFECTING THE AUCTION LIMIT VALUE OF NON PERFORMING LOANS COLLATERAL  AT PT. BANK NEGARA INDONESIA (PERSERO), TBK. PAPUA REGION Andiyamin Andiyamin; Elisabet Siahaan; Handy Octavianus
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 3 No. 1 (2025): INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE)
Publisher : Adisam Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyse the factors that influence the auction limit value of non-performing loans at PT. Bank Negara Indonesia (Persero), Tbk. Papua Region. The independent variables analysed include exposure time, collateral location, collateral condition, market value, and liquidation value. Data were collected from internal auction documents and analysed using multiple linear regression. The results show that exposure time has a negative and significant effect on auction limit value, meaning that the longer the property remains unsold and goes through repeated auctions, the more its limit value tends to decrease. The location of the collateral showed a positive effect on the limit value, but it was not significant at the 95% confidence level. The condition of the collateral had a positive and significant effect on the limit value, indicating that properties in better condition had higher limit values. Market value also had a positive and significant effect on the limit value, reinforcing the role of market value as the basis for determining the auction limit value. Conversely, the liquidation value has a negative and significant effect on the limit value, indicating that the higher the liquidation value of collateral, the lower the limit value tends to be compared to its market value. Among the independent variables analysed, the condition of the collateral has the most significant effect. This confirms that collateral conditions in the form of structurally safe and well-maintained property, with complete legality and located in a strategic environment, will reduce the risk of value decline and open up opportunities to obtain auction prices with the highest limit value. These findings are expected to provide strategic information for banks in setting more accurate and effective auction limit values.
FACTORS AFFECTING COLLATERAL VALUE AT THE INDONESIAN STATE BANK IN THE PAPUA REGION Rusmini Rusmini; Elisabet Siahaan; Handy Octavianus
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 3 No. 3 (2025): INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE)
Publisher : Adisam Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The importance of accuracy in collateral valuation as one of the main instruments in maintaining banking health, particularly in controlling the non-performing loan (NPL) ratio. Inaccuracies in collateral analysis, which lead to overvaluation or the use of assets that do not have strategic market value, have the potential to cause difficulties in collateral execution and increase the risk of bank losses. This study aims to examine and analyse the factors that influence collateral value at Bank Negara Indonesia (BNI) in the Papua region. The research method uses a quantitative descriptive approach. The research population consists of data on 150 BNI Griya Multiguna consumer credit debtors, specifically residential debtors. A sample of 60 data points was obtained using purposive sampling. The data was obtained from five BNI branches in the Papua Region in the form of land legality, land area, building area, building legality, and building construction. The results of multiple linear regression show that land legality, building legality, and building area have a positive and significant effect on collateral value, while land area and building construction have a positive effect but are not statistically significant. The results of this study confirm that legal aspects, including land legality and building legality, as well as building area, are the main determinants of collateral value for residential consumer loans in the Papua Region. These findings are important for banks, appraisers, and stakeholders in the management of residential property-based loans, and encourage more accurate evaluations to minimise the risk of non-performing loans in the Papua region, ultimately benefiting the Government of the Republic of Indonesia.
Co-Authors Andiyamin Andiyamin Handy Octavianus Rusmini Rusmini